Bitcoin’s Coinbase Premium has flipped positive for the first time since May, offering a fresh sign of stronger U.S. buying pressure as BTC attempts to remain above $80,000.

The shift means Bitcoin is currently priced slightly higher on Coinbase than on Binance. The difference suggests demand on the U.S.-based exchange has strengthened relative to the offshore platform.

CoinGlass data showed the Coinbase Premium turning positive on Friday after months in negative territory. The indicator tracks the price spread between Bitcoin on Coinbase and Binance and is commonly used as a gauge of relative U.S. market demand.

The reversal follows Bitcoin’s move from around $63,000 to above $80,000 in recent weeks. It also comes alongside renewed capital flowing into U.S. spot Bitcoin ETFs, many of which use Coinbase for custody.

Those ETFs have attracted roughly $3.51 billion in inflows, representing their largest inflow total since October 2025, according to SoSoValue. BlackRock’s IBIT has been one of the major contributors to the renewed demand.

The Coinbase Premium can offer clues about the composition of Bitcoin demand rather than simply tracking price momentum. When the premium remains positive over an extended period, it generally indicates that buyers on Coinbase are paying more for BTC than traders on Binance. Similar conditions have historically appeared during strong Bitcoin advances.

The latest positive reading could become an important signal if it persists. Bitcoin still needs to clear the $81,000 region, where its 50-week simple moving average currently sits.

A sustained break above that level would give bulls an important technical victory and could support further gains. If BTC fails to overcome the resistance, however, the cryptocurrency could remain stuck in consolidation despite the improvement in Coinbase demand.