A metric tracking U.S. spot demand has flipped red just as onchain data shows realized losses surging to $5.97 billion. A key gauge of U.S. demand for bitcoin, the Coinbase Premium, turned negative this week for the first time since early April, signaling weaker buying interest in the world's largest economy. Onchain data show bitcoin holders realized about $5.97 billion in losses on April 24 as the price neared $78,000, indicating that investors who bought at even higher prices used the r…
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