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[Analyst: Coinbase Premium Turns Positive, Indicating Rising Demand For Bitcoin From U.S. Investors] According To The Block, Julio Moreno, Head Of Research At CryptoQuant, Said: "Trump's Victory Has Brought Back Demand For Bitcoin From U.S. Investors, And The Coinbase Premium Has Turned Positive For The First Time Since October 18." Coinbase Is A Favorite Platform For U.S. Investors, And Its Premium Indicates Increased Buying Interest, Especially Among Institutional Investors Who Use Coinbase For Large Transactions. As A Signal Of Increased Demand From Institutional Investors, The Daily Trading Volume Of Chicago Mercantile Exchange (CME) Bitcoin Futures Hit A Record High Of $13.15 Billion Yesterday. According To Vetle Lunde, Head Of Research At K33, The Average Daily Trading Volume Of Chicago Mercantile Exchange's 2024 Bitcoin Futures Is Currently $4.56 Billion - Even Higher Than The Surge In Trading Volume When FTX Crashed In Early November 2022. This Milestone Indicates A Shift In Bitcoin Trading Activity, With Institutional Investors Playing An Increasingly Important Role. In Addition, Data Shows That In Just One Week In November, The Average Monthly Open Interest In CME Bitcoin Futures Has Reached A Record High Of $11.73 Billion
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