Bitcoin Premium on Coinbase reaches a 4-month high as 550,000 BTC leave exchanges
Demand for Bitcoin in the U.S. is rising, while spot exchanges see their reserves decline by a third in less than a year, according to new data from CryptoQuant.
Bitcoin Premium on Coinbase reaches a 4-month high as 550,000 BTC leave exchanges
Market news
Key points:
The Coinbase Premium metric has reached its highest point since February as demand for Bitcoin in the U.S. accelerates.
"Overheating signals" remain absent, the analysis claims, predicting positive trends until the end of 2025.
Exchange reserves continue to decline, with spot exchanges recording a drop of 550,000 BTC in less than a year.
Bitcoin
BTC
€95,217
is experiencing an "increase in buying" by U.S. consumers, which is a key factor for 2025, according to the analysis.
The on-chain analysis platform CryptoQuant shows that the Coinbase Premium metric has reached its highest levels since February.
