Three Key Signals: Coinbase Premium Index Turns Positive, Market Deleveraging, and Institutional Inflows Indicate BTC May Be Poised for a New Bull Run

Bitcoin (BTC) has now rebounded above $93,000, successfully recovering from the sharp drop just days ago. This rapid rebound is closely linked to a series of key indicators, suggesting that institutional investors are starting to buy in again.

According to on-chain data, the “Coinbase Premium Index,” which reflects the price difference between the major US exchange Coinbase and other global exchanges, has returned to positive territory after a sharp decline in November. This shift is closely related to the recent positive stance of several traditional financial giants toward cryptocurrencies.

First, US asset management giant Charles Schwab, which manages $12 trillion, confirmed it will open Bitcoin and Ethereum trading to clients in early 2026. Secondly, Vanguard, which has long resisted cryptocurrencies, has also unexpectedly changed its stance recently.

Additionally, Japan is preparing to approve a spot Bitcoin ETF, and analysts estimate this could bring in $3 billion to $10 billion in inflows in the early stages. These potential entries of traditional capital, combined with the demand for spot ETFs in the US and Europe, are expected to create massive structural buying.

Another positive signal is that as Bitcoin’s price rises, market leverage has dropped significantly. Data shows that as the price broke through the $93,000 level, the estimated market leverage ratio fell to a nearly one-month low.

This phenomenon indicates that the current price increase is mainly driven by spot funds rather than high-risk, highly leveraged speculation. At the same time, this “low-leverage rally” market structure is healthier, as it reduces the risk of sharp price swings caused by large-scale forced liquidations and lays a solid foundation for stable price movements going forward.

Overall, the positive Coinbase Premium Index, substantial moves by traditional financial institutions, and reduced market leverage all suggest that “smart money” from the US may be taking advantage of the recent market correction to accumulate positions. This provides stronger bottom support for the Bitcoin market and could signal that a new spot demand-driven rally is brewing.

#比特币行情 # Market Analysis