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Bitcoin Sees Coinbase Premium Recovery, But Strength Still Below June Peak – What It Means For BTC?

2025-07-11 08:07:54

Main Idea

Bitcoin's recent price surge to a new all-time high is supported by increased spot demand from US investors and potential fresh liquidity entering the market, as indicated by key metrics like the Coinbase Premium Gap and Stablecoin Supply Ratio (SSR).

Key Points

1. Bitcoin (BTC) broke above $110,000, reaching a new all-time high of $111,999, supported by a rebound in the Coinbase Premium Gap, signaling renewed spot demand from US investors.

2. The Coinbase Premium Gap, measuring the price difference between Coinbase and Binance, surged from 6.9 to 48.8, indicating significant spot buying activity.

3. Analysts suggest Bitcoin could benefit from fresh liquidity, as indicated by the Stablecoin Supply Ratio (SSR) and Moving Average Convergence Divergence (MACD), with SSR reaching its highest level in two years.

4. Technical analysis suggests Bitcoin may target $144,000, but macroeconomic risks, such as potential Federal Reserve actions, could impact the market.

5. Bitcoin's current price is $111,680, up 2.1% in the past 24 hours, with favorable conditions for further gains if volume expands and SSR cools.

Description

Yesterday, Bitcoin (BTC) finally broke above $110,000, hitting a fresh all-time high (ATH) of $111,999. Exchange data indicates that this latest surge was supported by a late rebound in the Coinbase Premium Gap, signalling a resurgence in spot demand from US investors. Bitcoin Breakout Supported By Coinbase Premium Recovery According to a recent CryptoQuant Quicktake post by contributor Enigma Trader, the Coinbase Premium Gap jumped from approximately 6.9 on July 7 to 48.8 by July 10. While this...

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Bitcoin News bitcoin btc BTCUSDT coinbase premium gap crypto Cryptocurrency digital currency MACD SSR stablecoin supply ratio
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