Coinbase Premium Index Rebounds to -0.05% Amid Bitcoin’s $60K Rebound

Bitcoin’s rebound toward $60,000 follows a shift in U.S. demand as measured by the Coinbase Bitcoin Premium Index, climbing from -0.22% to -0.05% as forced selling eased. The index, a proxy for institutional and dollar-based flows, remains negative, indicating selective buying rather than broad accumulation. Thin trading volumes on major exchanges point to gradual attrition rather than a decisive surge in demand. Prices trade just under $70,000 after a more than 15% intraday recovery, but remain down over 10% for the week. If buyers fail to materialize, the market remains vulnerable to renewed downside.