Key Points
- US investors are starting to buy Bitcoin (BTC) again, showing a bullish market sentiment.
- The recent executive order by President Trump could stimulate more interest in the crypto market.
Bitcoin has managed to maintain its position above $100,000 since January 17, with a 24-hour gain of 2.14% supporting its hold in this region.
This suggests a strong buying pressure in the market, a sentiment that is being reinforced by the renewed interest of US investors in Bitcoin.
US Investors Buying Bitcoin
The Coinbase Premium Index on CryptoQuant indicates a surge in buying activity from US retail investors.
This metric measures the price gap between Bitcoin on Coinbase and Binance, with a positive index suggesting bullish sentiment.
At the moment, the index is slightly in the positive zone, indicating a bullish sentiment among investors, although not in full force.
The slight move in the index could be influenced by other investors taking profit on Bitcoin.
A Bullish Market Sentiment
Despite some investors selling Bitcoin for profit, the market sentiment remains bullish with more buyers than sellers.
The Taker Buy-Sell Ratio, which compares buy orders to sell orders in the derivatives market, shows that more buy orders are being filled.
Combined with the sentiment from US retail investors, the market could potentially rise soon.
The recent market interest, particularly among retail traders in the US, has been stimulated by a new executive order passed by President Trump.
This order, the first of its kind, provides a framework for the crypto industry and could encourage US investors to start buying more aggressively.
With more retail US investors entering the market, Bitcoin could experience a significant price increase, potentially reaching a new all-time high.
