Bitcoin reached an intraday peak of $102,599 on Monday, driven by renewed investor optimism after the U.S. administration postponed tariffs on Canada and Mexico. This policy shift has accelerated buying activity among American investors, elevating the Coinbase Premium Index to its highest level in years.
Key Market Trends
1. Rising Coinbase Premium Index
- The Coinbase Premium Index (a measure of Bitcoin’s price difference between Coinbase and Binance) surged to 0.12, reflecting a 700% increase.
- A positive index signals strong demand from U.S.-based investors, often a precursor to upward price momentum.
2. Investor Confidence Strengthens
- Short-Term Holder Spent Output Profit Ratio (STH-SOPR) data indicates shallower price corrections, suggesting growing confidence among traders holding BTC for 3–6 months.
- Unlike past cycles, fewer short-term holders are selling at a loss, underscoring Bitcoin’s resilience.
"Price pullbacks in this bull market will likely stay within 20–30% before resuming upward trends," noted CryptoQuant analyst Avocado_onchain.
BTC Price Outlook: Key Levels to Watch
- Current Price: $98,463 (testing resistance at $102,538).
- Bearish Signal: MACD indicator hints at persistent selling pressure. A breakdown could push BTC toward $95,513.
- Bullish Scenario: A breakout above $102,538 may retest the all-time high of **$108,388**.
👉 Why U.S. Investors Are Driving Bitcoin’s Rally
FAQs
Q: What does the Coinbase Premium Index indicate?
A: It measures U.S. investor demand—positive values signal higher buying activity on Coinbase.
Q: How do trade policies impact Bitcoin’s price?
A: Tariff delays reduce macroeconomic uncertainty, often boosting risk-on assets like Bitcoin.
Q: What’s the significance of STH-SOPR?
A: It tracks profitability of short-term holders, with rising values suggesting stronger market confidence.
Disclaimer: This analysis is for informational purposes only. Conduct your own research before making financial decisions.
👉 Explore Bitcoin’s Market Dynamics
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