[Analyst: Coinbase Premium Gap Shows Early Signs of U.S. Demand Recovery] According to a report by Jinse Finance, CryptoQuant analyst Darkfost stated that the Coinbase premium gap (an indicator used to measure the price difference between Coinbase Advanced and Binance) has recently returned to positive territory. This is the third occurrence this year, with the current premium at $10.18, still at a relatively moderate level. The return of the premium to positive territory indicates that demand from professional and institutional participants (especially U.S.-based institutions) is gradually improving. Coinbase Advanced is less accessible to the general public and is more oriented toward professional investors, while Binance remains the most widely used platform globally, particularly among retail investors. Binance's products and services still account for a significant share of the overall market liquidity. Since Bitcoin entered a more pronounced adjustment phase on February 4, the Coinbase premium gap has gradually narrowed and turned positive again today. This signal remains relatively preliminary, reflecting that investors are still cautious. However, the current price levels are gradually regaining appeal for professional investors. It is worth noting that this premium could potentially fall back into negative territory in the short term. While this is a positive signal, it still needs to strengthen further to be considered a true shift in trends and investor behavior.