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

Odaily Planet News: CryptoQuant analyst burakkesmeci stated that Bitcoin price has reached a historical high of $112,014, while the Coinbase premium spread has risen to 42 points. This means that buying Bitcoin on Coinbase is $42 higher than on Binance, indicating strong demand from U.S. investors. Notably, this premium is not the highest this week. Last week, the spread reached 87.76 points, suggesting even stronger buying pressure. The analyst pointed out that the Coinbase premium spread is an important indicator of U.S. investor demand. A positive premium typically means increased institutional or retail interest in Bitcoin. Even after reaching a historical high, demand remains strong, suggesting that bullish market sentiment may not have ended yet.