CryptoQuant: US buying drives Bitcoin to new highs, market bullish sentiment may not have ended yet

CryptoQuant analyst Burakkesmeci stated that the price of Bitcoin has reached a historic high of $112014, while the Coinbase premium gap has climbed to 42 points. This means that the price of buying Bitcoin on Coinbase is $42 higher than on Binance, indicating strong demand from American investors. It is worth noting that this premium is not the highest value of the week. Last week, the gap reached 87.76 points, indicating stronger buying pressure. Analysts point out that the Coinbase premium gap is an important indicator for measuring the demand of American investors. A positive premium usually means that institutions or retail investors have increased interest in Bitcoin. Even after reaching a historic high, demand remains strong, indicating that the bullish sentiment in the market may not have ended yet.