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Bitcoin is missing one important thing right now.
Real US spot demand.
The Coinbase Bitcoin Premium Index has stayed mostly negative, showing US buyers aren’t aggressively stepping in.
During the move towards $67K, the premium flipped positive.
But that demand quickly disappeared.
This tells me the recent weakness isn’t necessarily heavy selling.
The market is simply waiting for buyers to return.
A sustained Coinbase premium turning positive would be a strong signal that US demand is back.
That’s when I think Bitcoin can start its next move higher.
Ryan Garcia becomes the first guest in the CORE house to not clown Marlon's Silver Surfer poster😭🫡
"What're you thoughts on this poster?"
"Thats pretty hard, Marlon the silver surfer"
$BTC held above $64K after the Fed kept interest rates unchanged! 🚨
Market sentiment also improved as progress on the "CLARITY Act" could bring greater regulatory certainty for the US crypto industry.