According to analysts at CryptoQuant, the recent rise in the Coinbase Premium indicator signals renewed buying interest in Bitcoin from U.S.-based investors.
Data shared by Avocado_onchain shows that the indicator has gained upward momentum, creating a positive sentiment across the market. After moving within a narrow range during the March 2024 correction, Coinbase Premium is now forming higher lows—suggesting a potentially bullish structure for Bitcoin.
In contrast, the Korea Premium Index showed a consistent decline throughout the 2024 correction and only started to recover after Bitcoin rebounded. This indicates that Korean investors have been slower to respond and have shown less participation compared to previous cycles.
Overall, while U.S.-based exchange data is offering early signals for price direction, the Korean market appears to be reacting with a delay. The structural rise in Coinbase Premium supports the case for a strong medium- to long-term recovery in Bitcoin.
