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🐳 Increased US whales' $BTC buying pressure has been sustained since mid-April. Coinbase Premium Index (from CryptoQuant) measures the price difference between the BTC/USD pair on Coinbase Pro (primarily for professional US investors) and Binance. A high index indicates increased buying pressure from US whales, and vice-versa. It also reflects the interest and activeness of US investors. Looking back at Nov 2024, the market saw a sharp and quick rally that corrected within just one month, whereas the current bullrun has lasted nearly two months. The Coinbase Premium Index in the previous period surged rapidly and then quickly declined with the price, but it's currently showing a sustained upward trend. This is a rather optimistic signal for Bitcoin, as it aligns with the insight "BTC is being accumulated by whales/institutions" that many shared in recent weeks. What are your thoughts on the current market phase?
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