Bitcoin rallies as European demand outpaces US interest
- —Europe's BTC market is up 4% since early September, while the US market is down 3%
- —The Coinbase Premium Index printed negative values for 29 consecutive days, ranging from -0.01% to -0.03%
- —US spot Bitcoin ETFs drew roughly $2.39 billion in net inflows in the week of September 21-25
- —Apparent spot demand contracted by around 170,000 BTC over the 30 days into early October
Why it matters: The gap between strong ETF inflows and a negative Coinbase premium points to uneven US demand and firmer support from European buyers.
Source: Crypto Briefing