Bitcoin Coinbase Premium Hits 4-Month High as 550K BTC Leaves Exchanges

Surge in Bitcoin Coinbase Premium Signals Renewed US Demand

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.

What Is Driving the Bitcoin Coinbase Premium?

CryptoQuant data points to several key trends behind the rise:

• Renewed retail and institutional demand in the US
• A strong price rebound from recent support levels
• Growing confidence in Bitcoin ETFs like BlackRock’s IBIT

Analysts expect these patterns to support the market through the rest of 2025, as investors prepare for further price expansion.

Bitcoin Reserves Fall by 550K in Under a Year

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 Over the past 11 months, more than 550,000 BTC have been withdrawn from exchanges.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.

Market Outlook Remains Bullish for 2025

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.