The Coinbase Bitcoin premium has turned positive for the first time since early February, signaling a potential shift in institutional buying pressure. Market data from February 23, 2026, shows BTC trading around $66,153 on Coinbase at the time of the flip. This positive premium indicates relatively stronger demand on the U.S.-based exchange compared to other major trading platforms.
The Coinbase Bitcoin premium gave positive signals for the first time since the February 6 selling frenzy according to market data that came out on February 23, 2026. The shift suggests BTC is trading at an increased value on Coinbase in contrast to other significant exchanges.
Data from a BTCUSDT 1-hour Binance Futures chart exhibited BTC trading at almost $66,153 at the time of the update. According to CoinMarketCap, at the time of writing, the token is trading at around $65,073 with a 3.3% decrease.
The Coinbase premium is largely observed as an indicator of U.S.-based institutional demand. When the premium is conclusive, it proposes almost mighty buying pressure on Coinbase in contrast to offshore platforms.
Throughout early and mid-February, the premium was below zero corresponding with larger market weakness. The latest move into positive territory reflects a change in order flow dynamics between Coinbase and global trading venues.
At the time of the premium flip, BTC was trading in the mid-$66,000 range. The asset has gone through fluctuating momentum in February 2026 with price movement distinguished by intraday swings.
