Bitcoin price is trying to regain around $65,000 as Coinbase Premium is turning positive despite the recent exchange-traded fund exit.
Summary
- Bitcoin price prediction depends on the trend change as Coinbase Premium is changing well.
- The metric reflects strong US demand returning after recent ETF exits.
- Price should retest key resistance to ensure strong recovery.
Bitcoin was trading at $65,907 at press time, up 3.4% in the last 24 hours. The move follows a drop to $62,900 during the previous week, where buyers intervened.
Even with the bounce, Bitcoin (BTC) is still down 24% over the past month and about 50% below its October 2025 all-time high of $126,050.
Commercial activity increased during the recovery. Local volume reached $46 billion, up 22% on the day. In the derivatives market, CoinGlass data shows futures volume increased by 6.2% to $74.8 billion, while open interest decreased by 0.1% to $43.9 billion.
This suggests that some traders are closing positions instead of adding aggressive leverage.
Coinbase premium turns out to be good
On Feb. 25, the Coinbase Premium Index turned positive for the first time in 40 days, hitting 0.0525%, according to CoinGlass.
The index measures the price difference between Coinbase and global exchanges. A positive reading means that Bitcoin is trading slower on Coinbase, which often reflects strong US demand.
The change comes at a time when US spot Bitcoin ETFs have recorded massive outflows, with nearly $3.8 billion in outflows recently. That comparison is important. While ETFs have seen a break in the currency, the premium suggests some US buyers are moving back in with exchange flows.
In previous cycles, progressive premiums corresponded to the accumulation phases and relief rounds. However, one flip does not guarantee a trend change. Traders will watch if the premium increases and hold for several sessions.
Bitcoin price prediction: Is this trend reversing?
Bitcoin is trying to stabilize after a sharp correction phase. On the daily chart, the price is still trading below its short-term pivot near the middle Bollinger band around the $67,000 high.
That area now serves as the line that separates a rescue jump from a serious rescue effort.
Momentum indicators are showing improvement from oversold conditions, with the relative strength index rising from levels below 30 in early February. The bulls are not yet fully recovered, however, as the RSI is still below the midpoint.
A recovery could reach the $70,000 lows if Coinbase Premium holds well and Bitcoin breaks through the mid-band resistance on increasing local volume. A move into that area will change the short-term formation and increase confidence that the trend has reversed.
On the other hand, failure to regain resistance will keep the price vulnerable to another pullback towards the mid-$64,000 area. A break below that support would raise the risk of a dip to $60,000.
