Bitcoin is repeating earlier BTC price behavior, analysis suggests, as a Coinbase Premium comeback joins positive ETF flows for a crypto market rebound. Key points: Bitcoin is “getting closer” to its next local bottom after a trip below the $109,000 mark. A positive Coinbase Premium returns, raising hopes of a US demand recovery. Read more
A negative Coinbase Premium Index and the markets’ reaction to a disappointing Federal Reserve presser catalyzed a “big move” in Bitcoin price. Key takeaways: Bitcoin’s Coinbase Premium turned negative after a 62-day buying streak. BTC continues to hold above $115,000 despite rising sell pressure and a negative futures CVD. Read more