Bitcoin (BTC) continues to attract strong demand from U.S.-based investors, as the Coinbase Premium Index remains positive for 20 consecutive days — the longest streak in 2025. Despite recent price pressure, data indicates institutional confidence and bullish momentum building into June.
- 20-day Coinbase Premium signals steady institutional and retail demand in the U.S.
- Lower BTC inflows from short- and long-term holders reduce market sell pressure.
- Technical setup targets $118,000 with a triangle breakout and RSI divergence.
The Coinbase Premium Index (CPI) — tracking BTC price gaps between Coinbase and other exchanges — reflects consistent U.S. accumulation. The ongoing premium illustrates rising confidence among American buyers amid a consolidating market.
Crypto analyst Burak Kesmeci noted a net outflow of 8,742 BTC from Coinbase on May 26 — the third-largest in a month. He linked the move to likely institutional purchases, often preceding ETF inflows or corporate buying announcements.
“Large-scale outflows from Coinbase are often followed by either ETF inflow surges or announcements from corporations like Strategy declaring new BTC purchases.”
Researcher Axel Adler Jr. added that the Bitcoin Short-Term Holder SOPR metric reached a local peak, indicating increased realized profits among short-term investors. Still, the indicator remains far from historic euphoria levels, signaling healthy optimism.
CryptoQuant data further confirmed weak inflow pressure on Binance. During prior downturns, inflows exceeded 12,000 BTC. In contrast, current levels are around 8,000 BTC — consistent with milder corrections.
Bitcoin’s Technical Setup Points to $118,000 Target
On the technical side, Bitcoin is moving inside a descending triangle on the 1-hour chart. Resistance is compressing price downward, while a strong support zone at $106,000–$104,000 has formed a high-interest buy area.
The RSI indicator shows a bullish divergence, with price setting lower lows while RSI trends higher. This pattern often precedes a breakout reversal.
Analysts suggest a temporary dip to the $104,000 zone could trigger a sharp rebound, confirming the divergence and paving the way for a potential rally toward $118,000.
Disclaimer: This article does not constitute financial advice. Readers should perform their own research before making any investment decisions.
