Bitcoin is “slowly but surely” leaving exchanges as the Coinbase Premium jumps
From Cointelegraph
June 10, 2025 4:44 am:
US demand for Bitcoin is surging, with the Coinbase Premium metric hitting its highest levels since February. Analysis predicts positive trends through 2025, with no signs of overheating. Exchange reserves have declined by 550,000 BTC in under a year, reflecting strong buying interest from US consumers. Institutional demand is also returning, with BlackRock’s Bitcoin ETF reaching $70 billion in assets. Investors are pulling BTC off exchanges, signaling a long-term holding strategy and contributing to price strength.
Read more at Cointelegraph: Bitcoin is “slowly but surely” leaving exchanges as the Coinbase Premium jumps