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Bitcoin Demand Surge: Binance Buyers Take Charge As Coinbase Premium Falls

  • The Coinbase Premium, which tracks the price difference between Bitcoin on Coinbase and Binance, has turned negative, indicating a divergence in buying activity across different markets.
  • Bitcoin's price has increased despite the negative Coinbase Premium, suggesting significant buying pressure on Binance from global users.
  • The shift in buying pressure towards Binance is seen as a positive sign for Bitcoin's price trajectory.
  • Bitcoin's price spiked above $64,000 but has since decreased slightly to $62,831, down by 0.7% in the past day.

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