Bitcoin rebounded from $76,000 to around $78,490, but the recovery remains fragile because U.S. demand continues to weaken. The Coinbase premium index, which compares prices on Coinbase and Binance, remains negative, indicating that selling pressure from the United States outweighs demand from American buyers. The combined spot and futures demand indicator over 30 days is improving toward -200,000 BTC, suggesting that selling is slowing, although demand has not yet returned to positive territory. To strengthen its recovery, BTC must sustainably reclaim $79,200, a level that has become key resistance; rejection could lead to a decline toward $76,975 and possibly $76,000.
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