The current Coinbase Premium helps Bitcoin maintain a solid price above 110,000 USD, reflecting strong U.S. Demand. Meanwhile, a substantial movement of dormant BTC suggests profit-taking activity, and rising derivatives trading signals increased market volatility.
Despite positive signals from the Coinbase Premium Index, the mobilization of large BTC amounts within derivatives exchanges hints at potential market turbulence. Traders are preparing for possible volatility while investors continue to actively engage in the market.
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