Bitcoin is “slowly but surely” leaving exchanges as the Coinbase Premium jumps
The post Bitcoin is “slowly but surely” leaving exchanges as the Coinbase Premium jumps appeared on BitcoinEthereumNews.com.
Key points: The Coinbase Premium metric has reached its highest since February as US demand for Bitcoin accelerates. “Signs of overheating” remain absent, analysis says, predicting positive trends through the end of 2025. Exchange reserves continue to decline, with spot exchanges down 550,000 BTC in under a year. Bitcoin (BTC) is seeing a “surge in buying” from US consumers in a key 2025 tailwind, analysis shows. Onchain analytics platform CryptoQuant shows the Coinbase Premium metric hitting its highest levels since February. Coinbase Premium eyes new 2025 highs US Bitcoin demand is staging a convincing comeback as the Coinbase Premium tags multimonth highs. The Premium, which reflects the difference in price between Coinbase’s BTC/USD and Binance’s BTC/USDT pairs, is often used as a proxy for US buyer appetite. On Friday, it reached $109.55, marking the largest gap between the two markets since Feb. 3. 📊MARKET UPDATE: The #Bitcoin Coinbase Premium Index has grown steadily since May, signaling robust demand from US-based investors. 💪 Despite a 6% pullback in $BTC since May 22, the rising premium suggests many view the dip as a buying opportunity. ⚡️ pic.twitter.com/2Aol0VQPZk — Cointelegraph Markets & Research (@CointelegraphMT) June 6, 2025 In one of its “Quicktake” market updates on Tuesday, CryptoQuant contributor Crypto Dan described supportive behavior from Coinbase users. “This positive movement, without signs of overheating, is a typical pattern seen in a rising cycle following a correction, suggesting optimistic movements in the cryptocurrency market in the second half of 2025,” he summarized. Bitcoin Coinbase Premium. Source: CryptoQuant The Premium trend comes as US institutional demand also returns after a momentary unwinding due to BTC/USD retesting $100,000 support. Macro uncertainty lay at the heart of what appeared to be a knee-jerk reaction among investors. As Cointelegraph reported, the largest US spot Bitcoin exchange-traded fund (ETF), BlackRock’s…
Filed under: News - @ June 10, 2025 9:25 pm