Data shows the Bitcoin Coinbase Premium Gap has surged to highly positive values recently. Here’s what this says about the market.
Bitcoin Coinbase Premium Gap Has Seen A Strong Increase Recently
As pointed out by CryptoQuant Netherlands community manager Maartunn in a post on X, there appears to be a strong bidder present on the cryptocurrency exchange Coinbase.
The “Coinbase Premium Gap” refers to an indicator that keeps track of the difference between the Bitcoin prices listed on Coinbase (USD pair) and Binance (USDT pair).
The former exchange is known to host a more US-dominated traffic, while the latter has a global user base. So the difference between the prices on the two platforms can provide hints about the buying or selling behaviors of the two demographics.
When the premium gap is positive, it means that the price listed on Coinbase is higher than that on Binance right now. Such a trend implies that US investors are participating in a higher amount of buying, or at the
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