US Spot Demand for Bitcoin Turns Positive After 97 Days

The Coinbase Bitcoin Premium Index has entered positive territory for the first time since May 19, indicating that US participants are now paying slightly higher prices for Bitcoin, reflecting increased demand. Over the past three days, exchanges have seen inflows of approximately 53,000 BTC, which could point to a rise in supply from short-term holders. This contrasting trend between growing demand and rising supply on exchanges highlights a complex market situation, where increased buying interest is met with higher short-term selling activity. The development may suggest a potential stabilization or reversal in recent market trends, but the overall impact remains uncertain.