🇺🇸 U.S. Bitcoin Demand Rebounds Strongly
A resurgence in U.S. Bitcoin buying is taking shape as Coinbase Premium—a key indicator of American demand—hits its highest point since February. According to CryptoQuant, this premium has surged to $109.55, signaling that U.S. buyers are willing to pay more for BTC on Coinbase than Binance, a proxy for strong regional demand.
“This positive movement, without signs of overheating, is a typical pattern seen in a rising cycle following a correction.” — Crypto Dan, CryptoQuant
🧮 What Is Coinbase Premium?
Coinbase Premium tracks the price difference between BTC/USD on Coinbase and BTC/USDT on Binance. When positive, it typically indicates strong U.S. buying interest, often driven by institutional or high-net-worth investors.
As of June 6, the metric shows aggressive U.S. market reentry, following recent consolidation around the $100,000 level. The movement also reflects renewed institutional interest, particularly in U.S.-listed Bitcoin ETFs.
🏦 ETF Growth Reinforces Bullish Outlook
BlackRock’s iShares Bitcoin Trust (IBIT)—America’s largest spot Bitcoin ETF—recently crossed $70 billion in AUM, making it the fastest-growing ETF to reach that milestone. This surge complements on-chain data suggesting whales and institutions are back in buy mode.
📉 550K BTC Pulled from Exchanges
Beyond market premiums, on-chain activity reveals another powerful trend: investors are withdrawing their BTC. According to CryptoQuant, over 550,000 BTC have exited spot exchanges since July 2024.
This mass exodus reflects:
- Growing long-term conviction
- Declining selling pressure
- Reduced BTC supply available for trading
“They’re not day trading—they’re holding for the long term.” — Baykuş, CryptoQuant
📊 No Overheating Signals Detected
Despite the surge in demand and falling supply, CryptoQuant reports no signs of market overheating. The data suggests we’re in a healthy accumulation phase, often seen in the early stages of a major price rally.
🪙 Market Outlook: Bullish Through 2025
The second half of 2025 could be Bitcoin’s next breakout phase. With decreasing exchange reserves, growing ETF demand, and favorable macro signals, $110,000 may just be the beginning.
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