U.S. Bulls Wake Up: Is the $BTC Bottom Finally In?
The dust is settling after the recent market shakeout, and a key signal is flashing on our radar: U.S. demand is officially flickering back to life.
Data from the Coinbase Bitcoin Premium Index shows a significant rebound. After plunging into deep negative territory during the crash, the premium is climbing back toward neutral.
What Does This Mean?
The "Coinbase Premium" measures the price gap between Coinbase ($USD) and global exchanges like Binance ($USDT ).
The Dip: When the premium was negative, it signaled heavy selling pressure from U.S. institutions.
The Rebound: Now that the gap is narrowing, it suggests that American "Big Money" and retail buyers are stepping in to buy the dip near recent lows.
Reality Check
While this is a breath of fresh air for the bulls, it’s not a "clear skies" signal just yet. Analysts note that the index hasn't firmly flipped positive, meaning the market is still in a "wait and see" defensive mode. We’ve seen a relief rally, but we need sustained spot demand to confirm a true trend reversal.
Is this the start of the next leg up, or just a technical bounce before more consolidation? Keep a close eye on those $BTC support levels!
What’s your move? Buying the fear or waiting for more green?