Spot market activity, exchange-traded fund (ETF) inflows, and corporate-level Bitcoin (BTC) accumulation all indicate a positive shift in demand. Analysts are closely monitoring this resurgence of buying pressure to determine if it can support Bitcoin's price rising to higher levels.
Coinbase Premium Gap Turns Positive After 10 Weeks
The indicator previously fell to -175 on February 2, when Bitcoin was trading near $78,000. That period marked the deepest negative value during the BTC pullback that pushed BTC to $60,000. 
For most of 2026, the premium remained in negative territory, reflecting continued selling pressure from U.S. spot traders. A positive premium indicates buying pressure, which coincides with BTC's rise.
BTC Liquidity Cluster Located Above $75,000
Bitcoin is currently attempting to reclaim its 100-day moving average on the daily chart, the first significant retest since the level turned into resistance on January 20. 
Above $75,000, nearly $2 billion in sell-side liquidity is distributed between $76,000 and $80,000, although it is spread across a $4,000 range. 
If BTC breaks through this area, the next nearby resistance technical range is between $79,400 and $81,400, where an hourly fair value gap (FVG) formed during the previous decline. These imbalances between buyers and sellers are often key inflection points for continuation. 
Entering this area would present a monthly bullish engulfing candle pattern, effectively erasing BTC's February pullback. A bullish engulfing pattern on the monthly chart may attract more buying pressure from traders as it marks a positive shift on the HTF chart.