The Coinbase Bitcoin premium has turned positive, signaling increased buying pressure from U.S. institutional investors. This development suggests renewed institutional demand, potentially marking a new phase for Bitcoin's price trajectory. The premium, which measures the price difference between Bitcoin on Coinbase and other major exchanges, had been negative for weeks before this shift. Institutional activity on Coinbase often precedes significant market movements, and the positive premium may indicate accumulation by large U.S. buyers rather than selling. This change could be a precursor to further price increases as institutional investors continue to show interest in Bitcoin.