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$BTC
Something about this recovery still doesn’t look fully convincing.
Even after the strong bounce from the lows, the Coinbase Premium Gap remains mostly negative.
That suggests US spot demand is still lacking despite price pushing higher.
Historically, the healthiest and most sustainable BTC rallies were backed by strong Coinbase spot buying and consistent premium strength.
Right now, that confirmation just isn’t there, which makes this rebound feel weaker than the market sentiment might suggest.
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