The Coinbase Premium Index (CPI) for Bitcoin has turned positive for the first time in 2025, while the price of Bitcoin has surpassed 102K.

- After the approval of the Bitcoin Spot ETF, the behavior of American investors has become a key indicator for the cryptocurrency market.

- The positive CPI and a large amount of 4,012 Bitcoin were withdrawn from Coinbase at 18:04 local time.

- This data indicates that American investors are strongly shifting towards buying pressure.