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CryptoQuant: US Buying Boosts Bitcoin to New High, Market Bullish Sentiment May Not Be Over Yet
Summary: According to CryptoQuant analyst burakkesmeci, the price of Bitcoin has reached a new all-time high of $112,014, while the Coinbase premium has climbed to 42 points. This means that the price of buying Bitcoin on Coinbase is $42 higher than on Binance, indicating strong demand from US investors. It is worth noting that this premium ...
According to CryptoQuant analyst burakkesmeci, the price of Bitcoin has reached a new all-time high of $112,014, while the Coinbase premium has climbed to 42 points. This means that the price of buying Bitcoin on Coinbase is $42 higher than on Binance, indicating strong demand from US investors. It is worth noting that this premium is not the highest value this week. Last week, the difference reached 87.76 points, indicating even stronger buying pressure. Analysts point out that the Coinbase premium is an important indicator of US investor demand. A positive premium typically indicates increased interest in Bitcoin from institutions or retail investors. Even after hitting a new all-time high, demand remains strong, suggesting that market bullish sentiment may not be over yet.
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Link: CryptoQuant: US Buying Boosts Bitcoin to New High, Market Bullish Sentiment May Not Be Over Yet [Copy]
