Bitcoin Revisits the Pivotal $100,000 Milestone, Coinbase Premium Index Turns Positive

With a significant move at the start of the week, Bitcoin has revisited the pivotal $100,000 milestone once again. This move has triggered a wave of fresh optimism among crypto enthusiasts as several key metrics have also seen positive movements alongside the recent upswing.

Bitcoin price showed signs of a bullish shift on Monday as it revisited a key technical level and sparked optimism among crypto enthusiasts. Several critical metrics also indicated positive movements alongside the recent upswing.

BTC’s market dynamics shifted with the Coinbase Premium Index turning positive. This metric, reflecting the price difference between Bitcoin on Coinbase and other crypto exchanges, often signals changes in institutional demand, especially from US-based investors. As the index moved into positive territory, it suggested an increase in market confidence in Bitcoin’s prospects, which could catalyze its next price rally.

The development comes after the Coinbase Premium has seen a persistent decline, falling to a 12-month low. Just before the US Presidential elections, the metric fell as low as -0.200 in October last year amid growing uncertainty in the sector. Meanwhile, on the last day of 2024, the index dropped even further to about -0.237, marking the lowest level in the past 12 months.

Furthermore, the sharp drop was fueled by heightened selling pressure in the US markets after BTC declined to the $91,500 price level. Typically, a large decrease in the Coinbase Premium Index can lead to an unfavorable environment for Bitcoin’s short-term price trajectory.

However, with the key metric turning positive for the first time in 2025 and coinciding with a surge above $102,000, BTC’s near-term prospects seemed to be shifting once again. Data from leading on-chain analytics firm CryptoQuant showed that the index rose to nearly 0.001.

Highlighting the impact of US investors on the market, the platform noted that their actions have served as a leading indicator for the crypto market ever since the Spot Bitcoin Exchange-Traded Funds (ETFs) were approved.

At 18:04 local time, Coinbase saw a single block outflow of 4,012 BTC, in addition to the Coinbase Premium Index turning positive. These data together suggest that buying pressure is once again becoming the dominant factor in US investors’ behavior.

Bitcoin price ascended to around $102,000 on Monday as it encountered a renewed upward momentum. This move sparked a wave of fresh optimism among investors about its short-term and long-term potential.

Examining the surge, Titan of Crypto, a market expert, noted that Bitcoin is attempting a key breakout that might fuel its uptrend. Specifically, BTC is trying to break out of the Power Law Corridor trend, which is a bullish pattern that often precedes an upswing in the market.

According to the analyst, the Power Law Corridor’s blue line is being tested by BTC, which is currently acting as resistance. If BTC manages to break out above this line, it could unlock significant upside potential.