Bitcoin’s Coinbase Premium: A 20-Day Streak That Even Your Aunt Wouldn’t Believe! 😲

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Key takeaways:

  • A 20-day Bitcoin Coinbase Premium streak signals that institutional investors and retail investors are as keen as a cat on a hot tin roof.

  • Falling BTC inflows from short- and long-term holders are reducing downside risk, much like a well-timed umbrella on a rainy day.

  • A bullish divergence and triangle breakout pattern are targeting a staggering $118,000 in June—hold onto your hats, folks!

Bitcoin (BTC) price appears to be gearing up for another breakout in June, thanks to a veritable stampede of demand from US investors and a delightful reduction in selling pressure from both short and long-term holders. It’s as if the market has decided to throw a party, and everyone is invited!

The Coinbase Premium Index (CPI), which measures the price difference between BTC on Coinbase and other exchanges like Binance, has been on a positively splendid 20-day streak—the longest in 2025. This sustained premium indicates that US-based institutional and retail investors are buying like there’s no tomorrow, signaling a robust market confidence that would make even the most stoic of investors crack a smile.

According to crypto analyst Burak Kesmeci, Coinbase experienced a net outflow of 8,742 BTC on May 26, the third-largest outflow over the past month. This implies that institutional investors are as eager as a dog with two tails, as Kesmeci noted,

“Large-scale outflows from Coinbase are often followed by either ETF inflow surges or announcements from corporations like Strategy declaring new BTC purchases.”

Similarly, Bitcoin researcher Axel Adler Jr. has asserted that the demand for BTC remains robust enough to sustain the ongoing bull run without significant disruption—like a well-oiled machine, if you will.

Adler Jr. explained that the Bitcoin Short-Term Holder SOPR (30-day moving average), a metric that gauges profit-taking among investors holding BTC for less than 155 days, recently reached a local high, signaling an uptick in realized profits. However, he emphasized that the indicator remains relatively subdued compared to levels seen during previous price peaks, suggesting that the current rally lacks signs of excessive euphoria—no wild parties just yet!

CryptoQuant data confirmed these market trends, showing reduced inflows from long-term holders (LTHs) and short-term holders (STHs) on Binance. During downturns in August 2024 and the tariff-driven panic in April, each cohort sent over 12,000 and 14,000 BTC to Binance, respectively. The current inflows are limited to just 8,000 BTC, mirroring levels seen during milder corrections, underscoring the lack of intense selling pressure—like a gentle breeze on a summer’s day.

Bullish Bitcoin chart pattern targets $118,000

On the technical front, Bitcoin is trading within a descending triangle pattern, with a breakout potentially targeting the eye-watering sum of $118,000. On the lower time frame (LTF) 1-hour chart, the pattern shows resistance compressing price action downward, with a long-term price support at the $106,000 to $104,000 zone—an established daily order block (red box) acting as a high-interest area for potential buyers, much like a sale at your favorite shop.

A key signal strengthening the bullish case is the visible bullish divergence between price and the relative strength index, or RSI. While BTC has made lower lows on price, the RSI has been trending higher, indicating weakening bearish momentum and a possible bullish reversal ahead—like a phoenix rising from the ashes!

The chart also suggests a potential short-term deviation below the pattern trendline at $107,000, leading to a common liquidity sweep. If the price dips into the $106,000 to $104,000 range and rebounds sharply, it could validate the bullish divergence and trigger a breakout toward the projected $118,000 target. So, keep your eyes peeled, dear reader!

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2025-05-29 21:14