Overview
- The Coinbase price gap versus global venues moved into the green on intraday readings after more than three weeks of discount, pointing to a return of U.S. spot demand.
- Bitcoin regained the $90,000 area and printed near $91,138, with chart watchers flagging a higher low and resistance around $92.5K–$94K.
- Positioning metrics indicate whales are adding longs more aggressively than smaller traders, while derivatives funding rates flipped negative.
- Fresh spot ETF inflows reappeared alongside the premium’s recovery after volatile outflows earlier in November.
- Analysts call this the first coordinated market-structure improvement since early November, with validation dependent on the premium staying positive and $90K holding as support.