CryptoQuant: US buying boosts Bitcoin to new highs, bullish market sentiment may not be over yet

Odaily News CryptoQuant analyst burakkesmeci said that the price of Bitcoin has reached an all-time high of $112,014, while the Coinbase premium gap has climbed to 42 points. This means that the price of buying Bitcoin on Coinbase is $42 higher than Binance, showing strong demand from US investors. It is worth noting that this premium is not the highest this week. Last week, the gap reached 87.76 points, indicating stronger buying pressure. Analysts pointed out that the Coinbase premium gap is an important indicator of demand from US investors. A positive premium usually means increased interest in Bitcoin from institutions or retail investors. Even after setting a new record high, demand remains strong, suggesting that market bullish sentiment may not be over yet.