An analysis suggests that spot buying interest is somewhat recovering, as the Coinbase BTC premium, which gauges US demand, has reached its highest level since last October. Markus Thielen, founder of 10x Research, explained, "Currently, Coinbase's BTC price is maintaining a higher level than other exchanges, indicating that US-driven buying is supporting recent demand. Previously, this premium had turned negative at one point, cited as a reason for market weakness, but with its shift back to positive, demand appears to be gradually stabilizing." The current Coinbase premium is around 0.05%.
