Bitcoin Coinbase Premium reaches a 4-month high, signaling growing US demand, while exchange reserves drop by 550,000 BTC in under a year.
Author: Akshat Thakur
Written On: Tue, 10 Jun 2025 10:51:59 GMT
The Bitcoin Coinbase Premium, which measures the price gap between BTC/USD on Coinbase and BTC/USDT on Binance, has hit its highest level since February. This metric is widely seen as a reflection of demand from US-based investors. As of June 6, the premium spiked to $109.55, marking a strong resurgence in domestic buying activity.
On-chain analysts note that this surge is not accompanied by signs of market overheating. Instead, it suggests a healthy continuation of Bitcoin’s growth cycle following the recent correction under $100,000.
CryptoQuant data points to several key trends behind the rise:
Analysts expect these patterns to support the market through the rest of 2025, as investors prepare for further price expansion.
Alongside the Coinbase Premium, a sharp decline in spot exchange reserves is reinforcing bullish sentiment. Over the past 11 months, more than 550,000 BTC have been withdrawn from exchanges. This trend reflects strong holding behavior, reducing the liquid supply available for trading.
Such large-scale withdrawals are typically associated with long-term accumulation, often preceding major price rallies. Analysts believe this steady outflow is a fundamental force behind Bitcoin’s climb toward $110,000.
With the Bitcoin Coinbase Premium at multi-month highs and supply dropping across major exchanges, the market appears poised for continued strength. Experts see this as a sign that the correction phase is over and that the second half of 2025 could bring new highs.
As long as these dynamics persist, and institutional flows remain steady, the setup for Bitcoin’s next leg up appears solid. Investors are watching closely to see if the $110,000 level becomes the next major breakout point.
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