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Bitcoin Demand In US Grows: Coinbase Premium Index Back In Positive Zone Amid BTC’s Rally

  • Bitcoin's Coinbase Premium Index has returned to positive territory, indicating renewed interest from US investors and potential for further upward trend.
  • The positive Coinbase Premium Index signifies BTC trading at a premium on the Coinbase exchange, reflecting stronger demand and potential institutional accumulation.
  • The growing number of whale wallet addresses holding 1,000 BTC or more suggests renewed confidence from major investors in Bitcoin amidst recent price fluctuations.
  • The resurgence of whale investors and increased interest from US markets could bolster Bitcoin's ongoing bullish sentiment and potentially lead to another significant rally.

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