BTC Coinbase Premium recovers slightly but trend reversal not yet in sight

The Bitcoin Coinbase Premium, which measures the price difference between Coinbase and the global market average, has shown signs of recovery alongside a price rebound, but it is too early to consider this a broader trend reversal, CoinDesk reported. The premium has risen from a low of -0.22% to -0.05%. While this signals an influx of dip-buying, the premium remains in negative territory, suggesting a full-scale bullish reversal has not yet begun. Citing data from Kaiko, the report noted that aggregate trading volume on major exchanges is still significantly below its peak from late last year, indicating that demand has not yet clearly recovered. Although BTC has bounced more than 15% from its recent low, it remains down over 10% on a weekly basis. The analysis concluded that without additional buying pressure, the price could fall again.