Bitcoin staged a strong rebound after last week’s sharp sell-off, gaining more than 12% from local lows and returning to the $71,000 area. The recovery coincided with improved market sentiment and increased activity from U.S. investors.

One of the key signals was the rise in the Coinbase Premium index, which reflects the price difference between Bitcoin on Coinbase and Binance. The indicator improved notably, pointing to renewed demand from U.S. investors despite a still cautious backdrop.

At the same time, analysts note that the move is largely driven by short covering rather than fresh capital inflows. Experts view the rally as a technical rebound after oversold conditions and warn that a sustainable reversal will require stronger fundamental demand.