This trend has been in place since April 21, with CryptoQuant’s experts observing that the overall crypto market continues to demonstrate stable, upward momentum. The latest data shows no signs of overheating, but rather fits the classic pattern seen during bullish market cycles that follow periods of correction.

The Coinbase Bitcoin Premium, as tracked by CoinGlass, measures the percentage difference between Bitcoin’s price on Coinbase and its equivalent on Binance. A positive premium is widely regarded as a sign of strong U.S. investor interest and often correlates with market advances.

CryptoQuant analysts also point out that whales—large holders and institutional players—are exhibiting increased accumulation activity. This behavior suggests that major investors are strategically building positions, potentially setting the stage for further market growth.

“This positive movement, which shows no signs of overheating, is a typical pattern for a bullish cycle following a correction. It signals optimistic prospects for the crypto market in the second half of 2025,” the analysts wrote in a recent commentary.

It’s worth noting that CryptoQuant previously indicated the recent correction could be an attempt to extend the ongoing bull cycle, rather than signal an imminent reversal.