Golden Finance reported that CryptoQuant’s analysis showed that Coinbase’s Bitcoin premium turned positive for the first time since December 17, 2024, as a signal of rising demand for Bitcoin from U.S. investors. CryptoQuant analyst Burak Kesmeci said: “Since the approval of the spot Bitcoin ETF in the United States, U.S. investor behavior has been a leading indicator of the cryptocurrency market. The data shows that U.S. investor behavior has once again shifted to buying pressure being dominant.” Additionally, analysts added that Bitcoin’s recent move past the $100,000 mark was aided by waning selling pressure from miners and improved miner profitability.