Bitcoin Coinbase Premium hits 4-month high as 550K BTC leaves exchanges

Bitcoin demand in the US is rising, while spot exchanges see their reserves decline by one third in less than a year, per new data from CryptoQuant.

Key points:

The Coinbase Premium metric has reached its highest since February as US demand for Bitcoin accelerates.

“Signs of overheating” remain absent, analysis says, predicting positive trends through the end of 2025.

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