Coinbase Premium Climbs as BTC Hits New All-Time High: What Does It Mean?
2025-07-10 17:04:22
Main Idea
Bitcoin (BTC) has reached new all-time highs, driven by strong demand from U.S. investors and significant inflows into U.S. spot Bitcoin ETFs.
Key Points
1. Bitcoin (BTC) broke out of its consolidation zone, hitting new all-time highs on multiple exchanges.
2. The Coinbase Premium Index surged to 42 points, indicating U.S. investors paid $42 more per BTC on Coinbase than on Binance.
3. The U.S. spot Bitcoin ETF market has seen massive inflows, with $4.5 billion in positive flows in July.
4. Institutional and ETF demand remains strong, contributing to BTC's upward momentum.
Description
Within the last 24 hours, bitcoin (BTC) has broken out of its consolidation zone to hit new all-time highs (ATHs) on several crypto exchanges. The asset rallied to $112,000 on some trading venues and above on others. Burakkesmeci, an analyst at the market intelligence platform CryptoQuant, has revealed that strong BTC purchases in the United States fueled the rally. This is evident in the Coinbase Premium Index, which climbed a few points during the surge. The index tracks BTC demand among U.S. ...
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