Bitcoin is experiencing a notable surge in U.S.-based interest just days before President-elect Donald Trump’s inauguration. Onchain data from CryptoQuant confirms a rebound in key market metrics, with optimism growing around potential pro-crypto policies under the new administration.
Bitcoin's price, which has recently crossed $102,000, is seeing increased demand from U.S. investors. CryptoQuant’s Coinbase Premium Index (CPI) — a metric comparing BTC/USD prices on Coinbase to BTC/USDT prices on Binance — has flipped positive for the first time since January 6, signaling renewed U.S. buying interest.
“A positive CPI reflects a market dominated by buyers, indicating willingness from U.S. investors to increase BTC exposure,” explained Burak Kesmeci, a CryptoQuant contributor, in a recent analysis.
The turnaround comes after weeks of a negative premium, during which U.S. investors showed caution following Bitcoin’s all-time high of $108,000 earlier this year. However, the approaching Trump inauguration appears to be reversing this trend, with bullish sentiment now dominating both daily and hourly timeframes.
Rumors are swirling about potential pro-crypto announcements on Trump’s first day in office, which could set the tone for a new phase in the Bitcoin and altcoin bull market.
“With only a few days left until Trump’s inauguration, U.S. investors are clearly taking a bullish stance,” Kesmeci noted. “The big question remains: how will this momentum influence Bitcoin’s trajectory under Trump’s presidency?”
Bitcoin’s price action has been bolstered by these developments, returning to $102,000 ahead of Wall Street’s opening session. This marks the final U.S. trading day before the inauguration, fueling speculation of further upward movement.
The recent price jump led to significant short liquidations, as bears betting against Bitcoin faced losses. Monitoring resource CoinGlass recorded $60 million in BTC short liquidations over the past 24 hours, underscoring the renewed bullish momentum.
Analysts are also pointing to historical data supporting Bitcoin’s positive performance in the first quarter of post-halving years.
“The start of the year has been choppy, but with BTC being back in the green, the year is back in line with most of its recent years,” commented trader Daan Crypto Trades on X (formerly Twitter).
He highlighted CoinGlass data showing strong Q1 performance in post-halving years like 2013, 2017, and 2021, suggesting that 2025 could follow a similar trajectory.
As Bitcoin’s price stabilizes above $102,000, market participants are closely watching Trump’s inauguration and the potential for crypto-friendly policies. If pro-crypto initiatives emerge, they could provide a significant boost to Bitcoin and the broader cryptocurrency market.
With optimism growing and U.S. investors taking center stage, Bitcoin’s trajectory under the Trump administration could mark a pivotal moment for the cryptocurrency industry.
January 2025, Cryptoniteuae