Bitcoin selling pressure may be starting to cool. CryptoQuant founder Ki Young Ju said on X that the Coinbase Premium Index has shown signs of improvement, a signal many traders associate with returning demand from U.S. institutional investors.
That does not confirm a full trend reversal. It does suggest that the aggressive selling seen over recent months may be losing intensity, which has brought some relief to market sentiment and renewed discussion about a possible recovery phase.
The index briefly jumped after Bitcoin fell toward $60,000
The Coinbase Premium Index tracks the price gap between Bitcoin on Coinbase Pro and Binance. A positive reading usually points to stronger buying activity from U.S. institutions, while a negative reading is often linked to selling pressure.
According to the source material, on February 6, after Bitcoin dropped to around $60,000, the index climbed to nearly 0.5 before slipping back into negative territory. The move was brief, but it suggested that buyers on the U.S. side may be stepping back in rather than staying completely on the sidelines.
After a 50% pullback, traders are watching institutional demand more closely
The report says Bitcoin has gone through a 50% pullback from its all-time high, a decline that triggered panic across parts of the crypto market. With the premium index rebounding, traders are now reassessing whether supply pressure is beginning to ease.
The improvement in the indicator does not mean the market has already found a final bottom, and it does not guarantee that a new bull run has started. What it does offer is a measurable sign that selling may be less aggressive than before, while institutional demand could be returning in a limited but visible way.
Coinbase Premium Index remains a key gauge for market direction
As Bitcoin continues to swing in price, the Coinbase Premium Index is likely to remain one of the main tools used to track the strength of institutional buying. If demand from U.S. investors continues to build, the case for a broader recovery becomes stronger. If the indicator falls back and stays negative, confidence in a rebound would look weaker.
For now, the market is less focused on a single spike and more on whether this signal can hold. The latest reading points to one thing clearly: the most aggressive phase of Bitcoin selling may not be as strong as it was in the previous months.