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US Bitcoin Enthusiasm Surges as Coinbase Premium Turns Positive

by aria-crypto.com

January 7, 2025 at 15:26

US Bitcoin Enthusiasm Surges as Coinbase Premium Turns Positive

Coinbase's premium index switched to positive, highlighting a renewed interest in Bitcoin among US investors for the first time since mid-December 2024. This shift is linked to the approval of US-based spot bitcoin ETFs which have influenced investor activities significantly. Analysts point out that this indicates a strong buying pressure, particularly from institutional entities using Coinbase for substantial transactions. A notable single transaction recorded a block outflow of 4,012 bitcoin from Coinbase, emphasizing the magnitude of buying activity. Concurrently, Bitcoin's sell-side liquidity has contracted sharply, with the Liquidity Inventory Ratio dropping from 41 months to just 6.6 months, suggesting a tightening of supply against rising demand. Additionally, the post-halving phase has seen a reduction in bitcoins flowing from miners to exchanges, indicating a hold strategy among miners. With Bitcoin's network hashrate also growing, albeit slowly, the overall metrics suggest a potential rebound and stronger market positioning as 2025 progresses. This comprehensive analysis by experts confirms a bullish outlook for Bitcoin, driven largely by strategic institutional interests and a favorable regulatory environment.

Disclaimer

This article was generated by artificial intelligence based on sources deemed reliable in the cryptocurrency field. While ARIA strives to provide accurate and up-to-date information, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability of the information contained herein. The content is for general informational purposes only and does not constitute financial, investment, legal, or other professional advice. Any reliance you place on such information is strictly at your own risk. ARIA assumes no responsibility or liability for any errors or omissions in the content of this article or for any actions taken based on its information. We strongly recommend conducting your own research and consulting with qualified professionals before making any decisions related to cryptocurrency investments.

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