Summary
- Analysis said the Bitcoin market is showing a meaningful change in the structure of US capital flows.
- The Coinbase Premium Index remains in positive territory, suggesting US demand is gradually returning and the market may be in the early stages of smart money rebuilding positions.
- The market may be in a preparatory phase before a broader rally, with long positions potentially being accumulated quietly.
Forecast Trend Report by Period
Analysis suggests US capital flows in the Bitcoin market may be starting to shift.
CryptoQuant contributor Rei Researcher wrote on June 11 that an analysis of recent Bitcoin price action and the Coinbase Premium Index points to a meaningful change in the structure of US-driven flows.
The Coinbase Premium Index tracks the price gap between Coinbase, a US-based exchange, and global trading venues. When the index stays in positive territory, it is typically read as a sign of relatively strong buying pressure from US investors, especially institutions.
The index is currently holding above zero, indicating demand from US investors is gradually returning, according to the analysis. That suggests the market may be entering the early stages of renewed position-building by smart money.
Still, a broader expansion in the premium would require additional demand and a sustained rise in the indicator to develop into a full-fledged uptrend.
Rei Researcher wrote that the market may be in a preparatory phase before a broader advance, with long positions potentially being accumulated quietly.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
