TREE NEWS reports: CryptoQuant analyst Axel Adler said the USDT-adjusted Coinbase premium index briefly turned positive when bitcoin touched $65,890, signaling stronger demand from US investors. The indicator has since returned to a neutral range, suggesting buyers have entered but have not yet established sustained market dominance.
Coinbase Bitcoin premium index briefly turns positive as US buying picks up
The brief flip in the Coinbase premium is a useful signal because it isolates US demand from offshore flows, and the fact that it coincided with a specific price touch suggests buyers were willing to pay up rather than merely track global prices. But the quick return to neutral matters more than the spike: it implies the bid was opportunistic, not conviction-driven, and that US buyers have not yet displaced the broader market's inertia. Whether that premium can hold a positive reading across sessions, rather than flickering at a single price level, is the open question for anyone tracking regional demand.
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