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However, data points to BTC’s short-term uptrend potential, based on the Coinbase Premium Index. In such a scenario, the crypto asset could see a possible price rally.Historical data shows that such a crossover, often forming a golden cross, tends to trigger short-term price increases. Currently, the daily moving average has temporarily surpassed the weekly. This indicates a potential bullish momentum.
This premium measures the difference in BTC prices between Korean exchanges and global platforms, and it has now turned negative for the second time since September. The trend reflects declining investor sentiment in South Korea, where BTC is trading lower even as global prices rise. Over the last 30 days, retail demand has risen by 13%, marking a significant recovery compared to prior months of decline. This level of participation resembles activity levels from March when BTC approached its most recent all-time high.
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