TechFlow news, July 10 — CryptoQuant analyst burakkesmeci reported that Bitcoin reached a record high of $112,014, while the Coinbase premium indicator rose to 42 points. This premium means buyers on Coinbase paid $42 more per Bitcoin than those on Binance, indicating strong demand from U.S. investors. Notably, last week the indicator peaked at 87.76 points, reflecting even stronger buying pressure at that time.
The analyst stated that the Coinbase premium is a key metric for gauging U.S. investor demand. A positive premium typically signals growing interest from institutional or retail investors in Bitcoin. The sustained strong demand even after reaching new all-time highs suggests the bull market may not yet be over.
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