- Bitcoin prices have risen, but the Coinbase Premium has fallen.
- The launch of Bitcoin spot ETFs and the presidential election highlight the influence of North American investors.
- If not driven by U.S.-based demand, it could mean a potential weakening of the medium-term upward momentum.
STAT AI Notice
- The article was summarized using an artificial intelligence-based language model.
- Due to the nature of the technology, key content in the text may be excluded or different from the facts.
An analysis suggests that the medium-term upward momentum of Bitcoin (BTC) could weaken.
On the 17th (local time), CryptoQuant stated on X, "A divergence has formed between the Coinbase Premium and Bitcoin price over the past two weeks," adding, "While the Bitcoin price rose from $94,000 to $106,000, the Coinbase Premium decreased."
Furthermore, they explained, "With the launch of Bitcoin spot ETFs and the presidential election, the influence of North American investors is becoming increasingly important," and "If this price rise is not driven by U.S.-based demand, it could mean a potential weakening of the medium-term upward momentum."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBitPiCK News
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