Bitcoin Bounced Toward $77K, but Coinbase Premium Shows No Demand From the U.S.

BTC bounced toward $77K after positive geopolitical headlines around Iran, but the underlying market structure remains unconfirmed. In this episode, we break down why Coinbase Premium remains negative, what range-bound Open Interest says about derivatives participation, and why the current move still looks more like technical relief than a structural reversal. This is an analytical discussion of Bitcoin market structure and macro risk, not financial advice.