Leading cryptocurrency Bitcoin (BTC) has witnessed a notable spike in inflows from US-based investors ahead of Donald Trump’s inauguration on Monday.
This trend suggests that American investors are actively accumulating BTC, signaling growing confidence in its upward price trajectory once Trump is sworn in as president.
Bitcoin Sees Increased Demand from American Investors
Bitcoin’s rising Coinbase Premium Index highlights the rising demand for the leading coin among American investors. According to CryptoQuant, this has surged by 116% in the past seven days and now sits above the zero line at 0.02.
SponsoredBitcoin’s Coinbase Premium Index measures the difference in price between BTC on Coinbase and Binance. When the index climbs, it indicates stronger buying pressure from US-based investors, reflecting increased demand in the region.
This is happening ahead of Donald Trump’s inauguration on Monday. The pro-crypto candidate’s return to the White House has fueled speculation about potential positive regulatory shifts, driving heightened interest in Bitcoin among American investors.
However, in contrast, Asian investors appear more cautious. The Korean Premium Index, which reflects the price difference of BTC on Korean exchanges, is declining. As of this writing, this stands at 0.53, plummeting by 66% in the past seven days.
This drop indicates reduced buying activity in the region, likely influenced by the market’s current consolidation phase.
BTC Price Prediction: All-Time High Back on the Horizon
On the daily chart, BTC currently trades at $103,107, slightly above the key resistance formed at $102,538. If coin accumulation by US investors persists, it could provide the momentum needed for the king coin to rally toward its all-time high of $108,388.
However, if buying activity wanes, this could put downward pressure on the coin’s price, causing it to fall toward $95,513.
