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🚨 Dormant Bitcoin Is Flowing to Coinbase—But U.S. Demand Remains Weak Bitcoin continues to trade near $64K, but on-chain data reveals a notable shift beneath the surface. 📊 Coinbase net inflows surged nearly 838% above the 30-day average, driven primarily by 3–7-year-old BTC moving back on-chain. Spending from the 3–5 year cohort alone exceeded $367M, suggesting long-dormant holders have become increasingly active. In contrast, Binance recorded mixed inflows and outflows over the same period, indicating this wave of older coins is largely Coinbase-specific rather than a market-wide exchange trend. ⚠️ Another signal is also weakening. The NVT Golden Cross has dropped sharply, implying network activity is cooling relative to Bitcoin's price. At the same time, the Coinbase Premium has remained negative, showing that U.S. spot demand has yet to strengthen enough to absorb the incoming supply. 💡 Taken together, the data points to consolidation rather than a strong directional trend. Unless Coinbase inflows begin to normalize or the Coinbase Premium turns positive, Bitcoin may continue trading in a relatively quiet range. #Bitcoin #BTC #Coinbase #Binance #OnChain #Crypto #Whales #NVT #MarketUpdate #Blockchain