<ul><li>The Coinbase premium indicator suggests strong underlying demand for Bitcoin above $100,000, with consistent elevated prices on Coinbase compared to other exchanges throughout June.</li><li>The premium is believed to be driven by institutional buyers like MicroStrategy and Bitcoin treasury entities, absorbing excess supply and slowly depleting available BTC in the $100K+ price zone.</li><li>The gradual absorption of demand reflects market maturity, with supply-demand imbalances unfolding in a more measured manner, indicating a bullish structural trend despite short-term price fluctuations.</li><li>The Coinbase Bitcoin Premium Index remains in positive territory, pointing to sustained appetite from U.S.-based spot buyers and potential for Bitcoin to advance higher once existing supply is further reduced.</li></ul>

Consistent Coinbase Premium Signals Strong Spot Demand for Bitcoin Above $100,000

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