Bitcoin just smashed through $85,000 on Monday and hit levels we haven’t seen since late January. The crypto asset pumped 6% in the last 24 hours alone. 💸
The Recovery’s Got a Missing Piece 💀
Data shows this bounce still needs some serious US spot love to lock in tho. According to the latest from CryptoQuant the Coinbase Premium Index dipped negative again rn. That index tracks the price gap between Bitcoin on Coinbase’s USD market and Binance’s USDT market. A positive vibe usually screams stronger US buying pressure while negative hints at weaker demand or heavier selling on Coinbase 🖤.
The read dropped earlier today when BTC was chilling around $81,500 and the index sat at -0.02. It briefly flipped positive but slipped back negative. This means the recent Bitcoin run isn’t backed by steady Coinbase demand fr. In past cycles positive premiums lined up with US spot buyers pushing BTC higher. CryptoQuant noted traders should watch if the premium climbs back above zero stays there and rises with the price. That would confirm US buyers are jumping in on the recovery 🔮.
Still this slight negative dip doesn’t scream bearish reversal or anything extreme lol. Experts are lowkey debating if crypto winter is truly done. Bitwise CIO Matt Hougan thinks we entered crypto spring instead 🌹. He told CNBC the dip after BTC’s all-time high above $126,000 in October 2025 is history and this cycle could turn into the strongest longest bull run ever 🦇.
Strategy’s Bold Return 🌙
Adding more fuel Strategy jumped back into BTC buys after pausing three weeks. They grabbed 950 BTC for $75.7 million at an average of $79,670 per coin as co-founder Michael Saylor shared. The move lifts their total stash to 846,000 BTC bought for $63.8 billion. At today’s prices that pile is worth around $72 billion 🚀.
The latest data came with a link that opens in a new tab for the full details here. 👻
Just another echo from the void by iconofsin.eth 💖
