en.bitcoinsistemi.com
Bitcoin (BTC) spent the last months of 2025 in decline. After its all-time high of $126,000 in October, it experienced a sharp drop, nearing the $80,000 mark, before starting 2026 with a slight recovery.
Although Bitcoin prices have shown some recovery, analysts are warning that the Coinbase Premium Index, which measures demand from US investors, still warrants caution.
The Coinbase Bitcoin Premium Index measures the difference between the price of Bitcoin on Coinbase and its price on major global exchanges. According to CoinGlass data, the Coinbase index is currently showing a negative value, indicating either relatively weak buying demand or increasing dominant selling pressure in the US market.
The index is currently at -0.196%. This value shows a significant recovery from the recent deeper negative levels. However, according to analysts, it is difficult to say that Bitcoin has completely exited the bearish/risk zone, as the index is still in negative territory.
In conclusion, to confirm strong institutional buying demand and for the rally to occur, Coinbase Premium needs to move into positive territory. Therefore, analysts suggest that the current recovery in the Coinbase index can be seen as an exploratory phase for an uptrend rather than a full-blown reversal.
At this point, Peter Schiff, known as a Bitcoin opponent and gold supporter, stated that the recent Bitcoin surge is temporary and urged investors to focus on precious metals instead of cryptocurrencies.
*This is not investment advice.