US spot Bitcoin demand is recovering, says analyst

The Coinbase BTC premium, a key indicator of U.S. demand, has reached its highest level since October of last year, suggesting a partial recovery in spot buying pressure. Markus Thielen, founder of 10x Research, noted that the current higher price of BTC on Coinbase compared to other exchanges indicates that U.S.-based buying is supporting recent demand. He explained that while the premium had previously turned negative—a bearish signal—its shift back into positive territory suggests that demand is gradually stabilizing. The Coinbase premium is currently at 0.05%.