CryptoQuant: US Buying Power Drives Bitcoin to New Highs; Market Bullish Sentiment May Not Be Over

CryptoQuant analyst burakkesmeci stated that the price of Bitcoin has reached a historical high of $112,014, while the Coinbase premium gap has climbed to 42 points. This means that the price of Bitcoin on Coinbase is $42 higher than on Binance, indicating strong demand from American investors. Notably, this premium is not the highest value of the week. Last week, the gap reached 87.76 points, indicating stronger buying pressure. The analyst noted that the Coinbase premium gap is an important indicator of demand from American investors. A positive premium usually indicates increased interest from institutions or retail investors in Bitcoin. Even after reaching a historical high, demand remains strong, suggesting that market bullish sentiment may not be over. $BNB