Bitcoin (BTC) Just Reached $86K: There’s Just One Problem

• Bitcoin reached $85,000, marking a 6% increase in 24 hours, but lacks strong confirmation from US spot demand as indicated by a negative Coinbase Premium Index.
• The Coinbase Premium Index, which measures buying activity, turned negative again, suggesting weaker demand or stronger selling pressure on Coinbase.
• Strategy resumed Bitcoin purchases, acquiring 950 BTC for $75.7 million, bringing its total holdings to 846,000 BTC valued at approximately $72 billion.

https://cryptopotato.com/bitcoin-btc-just-reached-86k-theres-just-one-problem/