Data shows the Bitcoin Coinbase Premium Index remained at negative levels despite the rebound in BTC’s spot price back toward $78,000. Bitcoin Coinbase Premium Gap Points To Selling Pressure From US Traders As pointed out by analyst Axel Adler Jr in an X post, the Bitcoin Coinbase Premium Index has been inside the negative territory recently. This indicator tracks the percentage difference between the BTC spot price listed on Coinbase (USD pair) and that on Binance (USDT pair). Related Reading: Bitcoin ETF Inflows Are Underperforming In 2026, Data Shows In short, what this metric tells us about is how the trader’s buying and selling behaviors compare between Coinbase and Binance. Below is the chart shared by Adler Jr that shows the trend in the Bitcoin Coinbase Premium Index over the past year: As is visible in the graph, the Bitcoin Coinbase Premium Index was at mostly positive levels during the second half of 2025, indicating that the asset was going for a higher price on Coinbase as compared to Binance. Such a trend naturally implies that Coinbase users were providing a higher amount of buying pressure. The trend flipped toward the end of the year as Coinbase users took to selling alongside the price drawdown. From the chart, it’s visible that 2026 only furthered the downward trajectory in the metric, with a massive negative peak coming alongside the crash at the start of February. As the market has stabilized since this crash, the index has also calmed down, but negative values have still largely dominated. Interestingly, the latest streak of red levels has come despite the recent recovery that BTC has witnessed. Coinbase’s main traffic is made up of US-based investors, with institutional entities from the nation being prominent customers for the platform. The spot exchange-traded funds (ETFs), which have been around for nearly 2.5 years now and have acted as a gateway for institutions, also use the exchange as a custodian. In recent years, the price has often tended to correlate with the Coinbase Premium Index, suggesting that American whales have driven the market. As such, it may not be surprising that the recent recovery surge fizzled out when Coinbase users didn’t back it. Related Reading: Bitcoin Fall Under $77,000 Triggers Spike In Social Media FUD This pattern may also have played out again on a shorter timeframe. During the past day, Bitcoin witnessed a surge back toward the $78,000 level, but the move couldn’t last, and the coin has since retraced. The Coinbase Premium Index is sitting at a value of -0.098 right now, which is the lowest level this month. This relatively high selling pressure on Coinbase may be the source of the retrace. BTC Price Bitcoin has returned to the $77,300 mark following its latest pullback. Featured image from Dall-E, chart from TradingView.com
Data shows the Bitcoin Coinbase Premium Gap has plunged into the red zone alongside the latest drop in the BTC spot price below the $80,000 level. Bitcoin Has Retraced Some Of Its Recent Price Recovery Bitcoin saw recovery surges above $82,000 on Sunday and Monday, but these spikes failed to set the tone for the week as BTC has since followed a downward trajectory. This decline observed an acceleration on Wednesday, with the cryptocurrency’s price even briefly sinking below $79,000. Related Reading: Dogecoin TD Sequential Flashes Sell Signal: Price Correction Ahead? Below is a chart that shows the price action that Bitcoin has experienced recently. As is visible in the graph, Bitcoin has made some recovery from its low, as its price is now floating around $79,600, but compared to the Sunday high, it remains down about 3.3%. Now, what was the cause behind the drop? The data of the Coinbase Premium Gap may provide some hints. BTC Coinbase Premium Gap Has Turned Negative Recently As pointed out by analyst Maartunn in an X post, the Bitcoin Coinbase Premium Gap has declined recently. This indicator measures the difference between the BTC spot price listed on Coinbase (USD pair) and that on Binance (USDT pair). When the value of the metric is positive, it means BTC is going for a higher rate on Coinbase than on Binance. Such a trend implies users of the former are applying a higher buying pressure (or lower selling pressure) than the latter’s traders. On the other hand, the indicator having a sub-zero value suggests Binance investors may be applying a higher buying pressure as BTC is trading at a higher price on the platform. Now, here is the chart shared by Maartunn that shows the recent trend in the Bitcoin Coinbase Premium Gap: As displayed in the above graph, the Bitcoin Coinbase Premium Gap has dipped into the red zone recently, indicating that the asset has been trading at a discount on Coinbase. These negative values in the metric have coincided with the cryptocurrency’s pullback, a potential sign that selling pressure on the platform may have a role to play in it. Bitcoin showing some correlation to the Coinbase Premium Gap isn’t a new development. In fact, it’s a pattern that has established itself in recent years. The reason behind it lies in the growing presence of the US-based institutional entities in the cryptocurrency sector, which happen to be the biggest users of Coinbase. Related Reading: Ethereum Open Interest Rises While Price Pulls Back: Short Squeeze Setup? Movements in the indicator can correspond to selling/buying behaviors of these massive investors, which is why the price tends to react to them. It now remains to be seen how the metric will develop in the coming days and whether the distribution from the American whales will ease off. Featured image from Dall-E, chart from TradingView.com
Data shows the Bitcoin Coinbase Premium Gap has edged into the negative territory, a sign that could prove to be bearish for the asset’s price. Bitcoin Coinbase Premium Gap Has Declined Recently As highlighted by CryptoQuant community analyst Maartunn in an X post, the Bitcoin Coinbase Premium Gap has seen a flip for the first time in nine days. The “Coinbase Premium Gap” here refers to an indicator that measures the difference between the BTC price listed on Coinbase (USD pair) and that on Binance (USDT pair). When the value of this metric is positive, it means the cryptocurrency is trading at a higher value on Coinbase than Binance. Such a trend implies users of the former are applying a higher amount of buying pressure or lower amount of selling pressure than the latter’s traders. Related Reading: Bitcoin Rally Stalls As 60,000 BTC From STHs Hits Exchanges On the other hand, the indicator being below the zero mark suggests Binance users are the ones participating in more buying as the asset is going for a higher rate on there. Now, here is the chart shared by Maartunn that shows the trend in the Bitcoin Coinbase Premium Gap over the past month: As displayed in the above graph, the Bitcoin Coinbase Premium Gap surged to a notable positive level earlier in the week, suggesting that Coinbase users were accumulating. Alongside this rise in the metric, BTC observed a recovery rally. In recent years, the cryptocurrency’s spot value correlating with the Coinbase Premium Gap is something that has often been observed. The reason behind this could be down to the fact that American institutional entities, which prefer to use Coinbase, have lately seen their presence grow in the digital asset sector. From the chart, it’s visible that while the Coinbase Premium Gap shot up earlier, its value has declined to a level just below zero recently. This could indicate that the US whales have dropped their accumulation. Naturally, if a proper drop into the negative zone now occurs, BTC could end up feeling a bearish effect, similar to the pullback from the second half of March. Related Reading: Ethereum Retail Hands Still In Disbelief, Keep Selling Into Strength Though, while this development in the indicator has occurred, Bitcoin has actually surged so far. BTC Breaks Past $76,000 For The First Time Since February Bitcoin furthered its recovery during the last 24 hours as its price approached the $77,000 mark before retracing back to $76,500. A result of this surge has been that more than $209 million in bearish Bitcoin bets have been liquidated over the past day, according to data from CoinGlass. In the cryptocurrency derivatives sector as a whole, over $456 million in short positions have been flushed inside this window. Featured image from Dall-E, chart from TradingView.com
Bitcoin is holding above $70,000. The number looks resilient. The geography behind it tells a more cautious story. An Arab Chain report tracking real-time exchange pricing has identified a spread that cuts against the bullish surface reading: Bitcoin is currently trading at $70,747 on Binance and $70,533 on Coinbase — a gap of -$213.95, with the global exchange leading the American one. That difference, small in percentage terms, is significant in what it reveals about who is actually buying. Related Reading: Ethereum Price Divergence Signals Weak US Buying Pressure: Coinbase Premium Stays Negative The Coinbase-Binance spread is one of the oldest and most reliable demand gauges in crypto markets. When Coinbase trades at a premium, US investors — retail, institutional, and everything between — are bidding aggressively. When it trades at a discount, as it does now, the buying is being led elsewhere. Global markets are more active. American demand is softer. The engine that powered Bitcoin’s most sustained bull runs in previous cycles is, at this moment, idling. That does not make $70,000 a lie. It makes it a question. The price is real. The conviction behind it, at least from the market that has historically mattered most, has not yet shown up to confirm it. The Bitcoin Spread That Separates a Rally From a Trend The report draws a clear historical line. In previous bull market cycles, a positive Coinbase-Binance spread — American buyers paying a premium over global markets — consistently preceded Bitcoin’s most sustained upward moves. The mechanism is not complicated: US institutional capital is large, conviction-driven, and when it enters aggressively, it does not just lift the price. It anchors it. The current spread inverts that picture. At -$213.95, the gap is narrow but persistent, and persistence is what the report flags as the concern. A brief negative reading can reflect timing or arbitrage. A spread that holds negative while price consolidates above $70,000 reflects something more deliberate — caution among US participants, possible profit-taking, and a market leaning on global activity to hold a level that domestic demand is not yet defending. The report frames what follows as a binary outcome. If the spread remains negative, downward pressure builds — not from selling, but from the absence of the buying that matters most. If it flips positive, that crossing becomes the signal: US liquidity returning, institutional momentum resuming, and $70,000 transforming from a level being held into a floor being built. The market is in anticipation. The spread will break that silence first. Related Reading: Bitcoin Structure Has Changed: UTXO Data Challenges Traditional Cycle Narratives Bitcoin Consolidates Above $70K as Recovery Lacks Conviction Bitcoin is trading at $71,351, holding above the $70,000 psychological threshold after the sharp, high-volume breakdown that defined February’s price action. The daily chart tells a story of structural damage not yet repaired — a market that found a floor but has not found a direction. The trend picture is unambiguous. Price remains below both the 50-day MA and the 100-day MA, and both averages are still sloping downward, confirming that bearish momentum has not been neutralized. The 200-day MA continues its descent from the $96,000 region — a level so far above current price that it functions less as near-term resistance and more as a reminder of how much ground has been lost since October’s peak above $125,000. Related Reading: Bitmine Locks 68% of Ethereum Holdings As Staking Position Surpasses $6.75B The recent push toward $74,000–$75,000 was rejected. That rejection is meaningful. It establishes the 50-day MA as active resistance, not merely overhead supply, and suggests the current bounce is corrective rather than impulsive — a technical distinction that separates a relief rally from a genuine trend reversal. Volume confirms the skepticism. The heaviest bars on the chart belong to the selloff and the February capitulation wick to $59,000. Noticeably lighter volume carries the recovery as limited participation and absent conviction stall the trend. Bitcoin is compressed between $70,000 and $75,000. A decisive close above the latter is required to shift the structure. A loss of $70,000 reopens $65,000 without meaningful support in between. Featured image from ChatGPT, chart from TradingView.com
Data shows the Bitcoin Coinbase Premium Gap spiked as the asset rallied toward $74,000, a potential sign that the platform’s institutional users were backing the run. Bitcoin’s Coinbase Premium Gap Shot Up To $61 During The Rally In a new thread on X, CryptoQuant community analyst Maartunn has talked about the latest BTC rally and what could be behind it. “Several data points show aggressive institutional demand driving the breakout,” noted Maartunn. One such metric is the Coinbase Premium Gap. Related Reading: Bitcoin Historically Bottoms Between These MVRV Levels—Where Are They Now? This indicator measures the difference between the Bitcoin price listed on Coinbase (USD pair) and that on Binance (USDT pair). The metric’s value essentially tells us about the difference in buying/selling behaviors on the two cryptocurrency exchanges. Coinbase hosts an American-centric traffic, with institutional entities being among its main customers, while Binance is used by traders from around the globe. As such, when the Coinbase Premium Gap is positive, it can be a sign that the US-based institutions are applying a higher buying pressure (or lower selling pressure) than the world users. Earlier, the indicator had a notable red value, suggesting that the asset was trading at a discount on Coinbase, but recently, it has seen a shift into positive. From the above chart, it’s visible that the Bitcoin Coinbase Premium Gap saw a sharp increase alongside the latest BTC price rally, implying that accumulation on Coinbase drove the asset to a higher value than the global market. At the peak of this surge in the positive territory, the indicator hit a value of $61. “That means BTC traded $61 higher on Coinbase vs other exchanges, a strong signal of U.S. institutional buying pressure entering the market,” explained the analyst. Another factor that points toward institutional involvement in the rally is Hyblock data. As is visible in the graph below, Hyblock shows a rise in Time-Weighted Average Price (TWAP) orders from the $10,000 to $1 million cohort. A TWAP order is a trading algorithm that divides a large order into smaller pieces, executing them at regular time intervals. “TWAP orders are typically used by large players accumulating without moving the market too aggressively,” said Maartunn. The $10,000 to $1 million cohort purchased $750 million worth of Bitcoin via such orders alongside the rally. Related Reading: Altseason Mentions Hit Extreme Lows: Is Dogecoin About To Benefit? While institutions have shown demand, the analyst has warned of a risk brewing below the surface: the increasing amount of leverage in derivatives markets. As displayed in the chart, the Open Interest, an indicator tracking the total amount of derivatives positions, has rapidly gone up for both Bitcoin and the altcoins. “If supportive bids slow down, overleveraged positioning can unwind quickly, increasing volatility,” noted Maartunn. BTC Price At the time of writing, Bitcoin is floating around $72,600, up nearly 6% in the last seven days. Featured image from Dall-E, chart from TradingView.com
Recent market data has shown that Bitcoin has been trading at an extended discount on Coinbase. Over the past several months, this negative premium, where BTC prices on Coinbase sit below the international average level, has remained consistent. Such prolonged discounts have historically coincided with periods of market uncertainty or late-stage corrections. How Coinbase Premium Remains Negative For Months Bitcoin has been trading at a persistent discount on Coinbase for the past 3 months. A full-time crypto trader and investor, Daan Crypto Trades, has pointed out on X that this typically reflects large ETF outflows and sustained selling pressure from the US-based investors, which has put pressure on a discount to appear. Related Reading: Oct. 10 Started The Bitcoin Bear Market, On-Chain Data Shows These conditions are not unusual and have appeared nearly every market downturn or larger range. Thus, this broader market recovery needs the support of ETF inflows and renewed bidding from the US investors to surge higher. For this reason, monitoring the Coinbase premium and discount is important to know when the price flips around. A stronger directional trend combined with steep discounts or premiums often reinforces the prevailing market move. A Relief Rally Could Buy The Market Time Until October Bitcoin has now broken below its April 2025 low, placing the market at an important inflection point. The CEO and founder of ITC_Crypto, Benjamin Cowen, noted that if the price fails to bounce soon, this could turn into a difficult midterm year. However, if the price can bounce back, it would likely provide the market several months of relief, pushing price action to October and potentially aligning with a more durable bottoming process. Related Reading: Bitcoin’s Lack Of New Capital Leaves It Vulnerable To Continued Selling Pressure According to Benjamin, the bearish narrative has been dominant for an extended period, which increases the probability of a countertrend rally that could temporarily restore confidence among bulls. Meanwhile, Benjamin has cautioned against attempting to trade such moves. Furthermore, countertrend rallies often occur unexpectedly, not when market participants are actively anticipating them. A sweep of prior lows would offer short-term relief, even during the bull market. In 2014, 2018, and 2022, when BTC broke below the 100-week Simple Moving Average (SMA), the price moved straight down to the 200-week SMA before any meaningful relief occurred. From a broader perspective, Benjamin emphasized that the optimal time to sell BTC was late last year, not during panic-driven sell-offs in a midterm year. His focus remains on the larger cycle, suggesting that late Q3 to early Q4 will be a more favorable window to move real money back into the market. Until then, it is just traders trying to make money during difficult times, attempting to trade the support and resistance levels. Featured image from Pngtree, chart from Tradingview.com
The Bitcoin Coinbase Premium Gap has witnessed a sharp decline into the negative zone recently, with its value now sitting at one of the lowest in the last 18 months. Bitcoin Coinbase Premium Gap Has Plunged In a new post on X, CryptoQuant community analyst Maartunn has talked about the latest trend in the Bitcoin Coinbase Premium Gap. This indicator keeps track of the difference between the BTCUSD price on Coinbase and BTCUSDT price on Binance. Related Reading: Bitcoin Retail Optimism Returns To End 2025—What Usually Follows? Coinbase is mainly used by traders in the US, especially the large institutional entities, while Binance hosts a global traffic. As such, the Coinbase Premium Gap reflects the difference in behavior between American and offshore whales. When the value of the metric is greater than zero, it means the asset is trading at a higher value on Coinbase than Binance. Such a trend implies users of the former are applying a higher amount of buying pressure (or lower amount of selling pressure) as compared to the userbase of the latter. On the other hand, the indicator being negative suggests Binance may be observing a higher amount of accumulation as the cryptocurrency is going for a higher price on the platform. Now, here is the chart shared by Maartunn that shows the trend in the Bitcoin Coinbase Premium Gap over the last year and a half: As displayed in the above graph, the Bitcoin Coinbase Premium Gap has fallen into the negative territory recently, implying the American investors have shifted their behavior to one of higher selling pressure/lower buying pressure. In other words, demand from US traders has gone down. Currently, the indicator is sitting at a value of -$122, which means the cryptocurrency’s price is trading at a discount of $122 on Coinbase relative to Binance. The last time that the metric fell to such a low level was during the price crash in November. In recent times, US institutional entities have played an impactful role in the market, so the Coinbase Premium Gap, which acts a proxy of their behavior, has tended to have some correlation with the asset’s spot price. This pattern was once again seen in November, when a drawdown occurred in the cryptocurrency alongside a plunge into the red zone for the metric. So far, Bitcoin has managed to be relatively stable even with the low demand from the American whales, but it only remains to be seen how long that will continue, given the scale of the discount on Coinbase. Related Reading: Bitcoin Equilibrium: Active Market Participants Just Breaking Even The current value of the Coinbase Premium Gap is one of the lowest in the last 18 months, being seen on only five occasions in this window. BTC Price Bitcoin has been following an overall sideways trajectory recently as its price is still floating around $88,900. Featured image from Dall-E, CryptoQuant.com, chart from TradingView.com
Bitcoin has pushed back above the $90,000 level after several days of intense selling pressure, bringing a brief moment of relief to a market overwhelmed by fear and uncertainty. Despite the rebound, bulls remain under pressure as speculation of an incoming bear market continues to grow. Many investors are still digesting the sharp correction from October’s all-time high, and confidence has yet to fully return. Related Reading: Major Bitcoin LTH Sell-Off Signals Cycle Exhaustion as Supply Drops to 13.6M BTC According to top analyst Darkfost, one of the key indicators reinforcing this cautious environment is the Coinbase Premium Index, which remains negative. This metric compares Bitcoin’s price on Coinbase — the preferred exchange for US institutions and professional investors — with Binance, which is widely used by retail traders. When the index is negative, as it is now, it signals that institutional players and US whales are selling more aggressively than retail participants. Darkfost notes that part of this ongoing sell-side pressure is tied to continuous spot ETF outflows, which have weighed heavily on sentiment. Although the recent bounce above $90K shows a temporary shift in momentum, Bitcoin must demonstrate strong follow-through to prevent the market from slipping deeper into a bearish phase. Institutional Selling Pressure Begins to Ease Darkfost explains that since the peak in panic selling on November 21, institutional and US-based selling pressure has noticeably cooled off. During that period, the Coinbase Premium Index showed a sharp dive into negative territory, signaling that professional actors were offloading Bitcoin far more aggressively than retail participants. This imbalance amplified the market’s decline, helping push BTC toward its recent lows. However, over the past several days, the intensity of this selling has started to fade. While the Coinbase Premium Index remains negative — meaning institutions are still net sellers — the depth of that negativity has significantly softened. Darkfost notes that although the metric has not yet flipped into positive territory, the trend is improving. If this continues, it could give the market some much-needed breathing room and potentially stabilize price action. Still, analysts remain cautious. The next few sessions will be critical, as Bitcoin needs to demonstrate that this easing in sell pressure can translate into sustained demand. A decisive move — either reclaiming higher levels or breaking down again — appears imminent. As institutional activity continues to shift, the market may soon reveal whether this was only a temporary relief bounce or the start of a larger recovery. Related Reading: Ethereum ICO Whale Sells 20,000 ETH ($58M), Raising Questions Over Market Timing Bitcoin Attempts Recovery But Faces Key Resistance Levels Bitcoin is showing its first meaningful recovery attempt after the steep decline that dragged price from the $126,000 all-time high down to the $80,000 zone. On the 3-day chart, BTC has bounced sharply from the 200-day moving average (red line), a level that historically acts as a major dynamic support during deep corrections. This rebound pushed price back toward the $91,000 area, but momentum remains fragile. The chart shows BTC trading below both the 50-day and 100-day moving averages, which have now turned downward—an indication of short-term trend weakness. Until the price reclaims these moving averages, particularly the 100-day near $103,000, the broader structure remains vulnerable to further downside. Related Reading: XRP OI Collapses to Lowest Level Since Nov 2024: Binance Data Shows Liquidity Is Fading Volume during the sell-off was substantially higher than during the bounce, suggesting that sellers were more aggressive than buyers. This imbalance highlights that the recent uptick may be more of a reactionary relief move than a confirmed reversal. Still, the rejection wicks below $85,000 show clear buyer interest at lower levels. If BTC can maintain this higher low structure and continue closing above the 200-day MA, bullish momentum could gradually rebuild. Featured image from ChatGPT, chart from TradingView.com
Bitcoin faced a swift correction below the $125,000 level after reaching a new all-time high of $126,200 on Monday, triggering widespread volatility across the market. The price retraced over 4% to around $120,000, liquidating millions in leveraged positions as traders anticipated further upside. The move caught many off guard, especially after days of strong momentum and renewed optimism that Bitcoin was preparing to enter another price discovery phase. Related Reading: Grayscale Stakes 32,000 Ethereum Worth $150 Million – Institutional Demand Grows Despite the pullback, key on-chain data reveals a contrasting trend beneath the surface — a massive accumulation by US investors. Analysts note that while short-term traders faced liquidations, spot demand from US-based buyers continues to grow, particularly through regulated platforms and ETFs. This steady inflow of capital provides a strong foundation for long-term market strength, even amid short-term volatility. The correction may have flushed out excessive leverage, resetting market conditions for a healthier continuation. As Bitcoin consolidates around the $120,000–$122,000 range, analysts are watching closely to see whether institutional accumulation can offset the selling pressure. For now, the broader trend remains bullish, with growing evidence that US investors are using every dip to increase exposure to the world’s leading digital asset. US Demand Surges As Coinbase Premium Gap Signals Accumulation Top onchain analyst Maartunn shared new data revealing a sharp increase in US-based Bitcoin accumulation, driven largely by activity on Coinbase, one of the most influential exchanges for institutional and retail investors in the United States. According to his insights, the Coinbase Premium Gap — which measures the price difference of Bitcoin between Coinbase and other global exchanges — has surged to its second-highest level since the ETF launch earlier this year. This spike signals an aggressive buying spree from US investors, suggesting strong spot demand that is outpacing global averages. Historically, similar jumps in the Coinbase Premium Gap have coincided with phases of major market expansion, often preceding new highs as US capital flows into Bitcoin-led rallies. The data indicates that US traders are willing to pay a higher premium compared to their counterparts on platforms like Binance or OKX — a clear expression of localized demand. Analysts interpret this as a bullish signal in the context of Bitcoin’s current consolidation near all-time highs. After a brief correction from $126,000 to $120,000, strong institutional interest could provide the liquidity needed for a new breakout. Many market watchers believe that such robust accumulation is rarely random; it often precedes a significant expansive move, as buyers position themselves before another upward leg. If this buying pressure sustains, Bitcoin could soon reclaim its highs and enter a new phase of price discovery. Combined with growing ETF inflows and steady US accumulation trends, Maartunn’s data reinforces the narrative that the market’s next major impulse may once again be led by US demand — the same catalyst that ignited Bitcoin’s previous all-time high breakout earlier this year. Related Reading: Ondo Secures SEC-Registered Infrastructure With Oasis Pro Acquisition Bitcoin Consolidates After Sharp Rally Bitcoin is currently trading around $122,500, showing signs of stabilization after the recent surge to an all-time high near $126,000 earlier this week. The chart highlights a healthy pullback from the highs, with BTC finding support just above the $120,000 level — a zone that previously acted as resistance and has now turned into a short-term support range. The 8-day and 21-day moving averages are trending upward, confirming the continuation of a bullish structure. Meanwhile, the 50-day moving average remains below the price, indicating that momentum still favors the bulls despite short-term volatility. If Bitcoin manages to hold above the $120,000–$121,000 region, the setup could attract renewed buying pressure for another attempt to break above the $125,000 resistance. Related Reading: TRX Repeats Its 2021 Setup: Volume Cooldown Signals Smart Money Accumulation However, failure to maintain these levels could open the door for a retest of the $117,500 area, where the next major support lies. This would still be within a healthy correction range following the recent 15% rally. Overall, Bitcoin’s structure remains bullish, with strong higher lows forming and institutional demand — led by Coinbase inflows — continuing to support the market. A decisive move above $125,000 could signal the beginning of a new price discovery phase. Featured image from ChatGPT, chart from TradingView.com
Data shows the Bitcoin Coinbase Premium Gap has witnessed a spike, a sign that American investors may be buying at post-dip prices. Bitcoin Coinbase Premium Gap Has Seen A Sharp Positive Spike In a new post on X, CryptoQuant community analyst Maartunn has talked about the latest trend in the Bitcoin Coinbase Premium Gap. This metric measures the difference between the Bitcoin price listed on Coinbase (USD pair) and that on Binance (USDT pair). The indicator tells us about how the buying or selling behavior differs between the userbases of the two platforms. The former is the main platform of the American investors (especially the large institutional entities), while the latter gets users from around the world. Related Reading: Dogecoin Bullish Signal: Whales Buy 2 Billion DOGE Here is the chart shared by Maartunn that shows the trend in the Bitcoin Coinbase Premium Gap over the past week: As displayed in the above graph, the Bitcoin Coinbase Premium Gap surged to notable positive levels on Wednesday, indicating that BTC was going for more on Coinbase than Binance. In other words, Coinbase users were participating in a higher amount of buying than Binance traders. What followed the accumulation from the US-based entities was a surge in BTC’s price to a new all-time high (ATH). The cryptocurrency saw a plunge on Thursday and has continued to trade at lows today, but interestingly, the Coinbase Premium Gap has only noticed a further uptick. This could be a sign that American institutional investors are looking at the dip as a buying opportunity. Since the start of 2024, this cohort has often taken the driving seat in the market, so it only remains to be seen whether this accumulation would also lead somewhere. Another sign that could point at dip-buying occurring in the sector is the trend in the USDC Exchange Inflow, as the analyst has discussed in another X post. The “Exchange Inflow” is an on-chain indicator that tracks, as its name suggests, the amount of a given asset that investors are depositing into wallets associated with centralized exchanges. In the current case, the cryptocurrency involved is the stablecoin USDC. Generally, holders transfer their coins to exchanges when they want to sell, so an uptick in the metric for coins like Bitcoin can be a bearish sign for their prices. For stablecoins, however, the same isn’t true, as their prices are by definition stable around $1. Instead, stablecoin inflows have an effect on the volatile assets: investors use them to buy BTC and others, thus providing a bullish boost to their value. Related Reading: Bitcoin Realized Price Flips 200-WMA: What Happens Next? Since the BTC price plunge, the USDC Exchange Inflow has amounted to a whopping $3.88 billion. “Investors are treating it as a buy-the-dip opportunity,” notes Maartunn. BTC Price At the time of writing, Bitcoin is trading around $117,800, down 1% over the last 24 hours. Featured image from Dall-E, CryptoQuant.com, chart from TradingView.com
Bitcoin has seen a retrace back below the $120,000 level as data shows the Coinbase Premium Gap has dropped into the negative zone. Bitcoin Coinbase Premium Gap Has Plummeted Into The Red Region In a new post on X, CryptoQuant community analyst Maartunn has talked about the latest trend in the Bitcoin Coinbase Premium Gap. This indicator measures the difference between the BTC price listed on Coinbase (USD pair) and that on Binance (USDT pair). The former cryptocurrency exchange is popularly used by American investors, especially the large institutional entities, while the latter is the destination of the global investors. As such, the Coinbase Premium Gap tells us about how the buying or selling behaviors differ between US-based and foreign whales. Related Reading: Bitcoin-Money Supply Link Is A Myth, Glassnode Researcher Reveals When the metric has a positive value, it means the cryptocurrency is going for a higher price on Coinbase than Binance. Such a trend suggests the users of the former are applying a higher buying pressure or lower selling pressure as compared to the traders of the latter. On the other hand, the indicator registering a negative value implies the American investors may be selling more relative to global investors, which has brought the price on Coinbase lower than on Binance. Now, here is a chart that shows the trend in the Bitcoin Coinbase Premium Gap over the past day: As displayed in the above graph, the Bitcoin Coinbase Premium Gap was above the zero mark when BTC’s recovery run to the $122,000 level occurred, indicating that US-based whales were buying and helping fuel the surge. While BTC was at its high, however, the indicator’s value saw a sharp reversal and plunged into the negative zone. What has followed these red levels in the metric is a retrace for the coin to prices below $120,000. Thus, it seems the trend in the Coinbase Premium Gap foreshadowed the price action. This pattern is something that has been witnessed a lot since the start of 2024, as American institutional entities have been in the driving seat. Given the price action of the past day, it seems the influence of these investors remains strong, so the Bitcoin Coinbase Premium Gap could be worth keeping an eye on, as where it will go next may also carry hints about the cryptocurrency’s future trajectory. Related Reading: This XRP Signal Consistently Foreshadows Price Jumps: Analytics Firm In some other news, address generation on the BTC network has reached its highest level in a year, as analyst Ali Martinez has pointed out in an X post. From the chart, it’s apparent that the daily total number of new addresses on the Bitcoin blockchain has spiked to a high of 364,126. BTC Price At the time of writing, Bitcoin is trading around $119,300, up around 5% over the past week. Featured image from Dall-E, Glassnode.com, CryptoQuant.com, chart from TradingView.com
Volatility remains the norm in the Bitcoin market, with aggressive price swings defining the past few days. On Monday, BTC dropped to $97K before surging to $106K yesterday. However, the price has since retraced and now consolidates around the $102K mark, keeping investors on edge about its next move. Related Reading: Chainlink Could Target $30 Once It Breaks Bullish Pattern – Top Analyst Top analyst Daan shared key insights from Coinglass, revealing that Bitcoin has mostly traded with a Coinbase discount over the past month, as indicated by the Coinbase premium index. This means that other spot exchanges are pricing BTC higher than Coinbase, signaling increased selling pressure from US investors. A Coinbase premium typically indicates strong demand from institutional and ETF buyers, reinforcing bullish sentiment. However, with the index currently flat, the US market seems indecisive. As Bitcoin consolidates below all-time highs, traders are closely watching whether it can reclaim key resistance levels or face another wave of selling pressure. If BTC breaks above $106K again, a test of the all-time high could follow. However, losing the $100K support level could lead to further downside and extended consolidation. The coming days will be crucial in determining the next phase for Bitcoin. Bitcoin At A Crucial Level As Market Awaits Next Move Bitcoin is at a pivotal moment after failing to retest its all-time high (ATH) and now seeking support to fuel the next leg up. The $110K level remains the key psychological target above ATH, and once BTC breaks and holds above it, the entire market could enter a new bullish phase. Related Reading: Cardano Consolidates Within A Symmetrical Triangle – Expert Sees A 40% Move Once It Breaks Despite recent upside momentum, BTC has struggled to gain a clear breakout, leading to uncertainty among investors. Analysts remain divided—some see this as a natural consolidation before Bitcoin makes its next big move, while others worry about a deeper correction if BTC fails to hold key support levels. Top analyst Daan shared key insights from Coinglass, revealing that Bitcoin has mostly traded with a Coinbase discount over the past month. This means that BTC is priced lower on Coinbase compared to other spot exchanges, indicating that selling pressure is coming primarily from US investors. Historically, a Coinbase premium has signaled strong institutional demand, particularly from ETFs and major financial players. However, with the index currently flat, the US market seems cautious. For BTC to confirm a bullish breakout, holding above $102K and reclaiming $106K is critical. If Bitcoin loses these levels, a retest of $100K support could be imminent, delaying a breakout into price discovery. Bitcoin Price Consolidates Below Key Levels Bitcoin is currently trading at $102,400, showing signs of consolidation as the price remains bounded between the $106K resistance and the $100K support levels. This range has defined Bitcoin’s short-term movements, and a breakout in either direction will likely dictate the next trend. A breakdown below $100K could lead to further consolidation or even a deeper correction, delaying Bitcoin’s bullish breakout. If BTC fails to hold this psychological level, selling pressure could increase, pushing prices lower before any attempt at recovery. On the other hand, reclaiming and holding above $106K would be a major bullish signal, suggesting that price discovery is imminent. This would clear the path for Bitcoin to test its all-time high (ATH) and target the $110K mark, potentially triggering a fresh rally. Related Reading: Solana Restested A Key Level And Now Faces Resistance – Breakout Next? For now, uncertainty remains the dominant theme as the market waits for a decisive price move to confirm short-term direction. With volatility increasing, traders are closely monitoring these key levels, knowing that a clean breakout or breakdown will set the tone for Bitcoin’s next major move. Featured image from Dall-E, chart from TradingView
Data shows that a Bitcoin indicator has recently formed a pattern that has proved to be quite bullish regarding the cryptocurrency’s price. Bitcoin Coinbase Premium Index Has Crossed Above Its 14-Day SMA In a new post on X, the on-chain analytics firm CryptoQuant has discussed a pattern that has recently formed in the Bitcoin Coinbase Premium Index. The “Coinbase Premium Index” is an indicator that keeps track of the percentage difference between the Bitcoin price listed on Coinbase (USD pair) and that on Binance (USDT pair). This indicator is useful for determining how the buying or selling behaviors differ between the userbases of the two cryptocurrency exchange titans. Positive values imply the users on Coinbase are buying at a higher rate or selling at a lower rate than the ones on Binance. Similarly, negative values imply that Binance users have pushed the BTC price higher than on Coinbase. Related Reading: Bitcoin Exchange Supply Breaks Equilibrium: Whales Scoop Up 240,000 BTC Now, here is the chart shared by the analytics firm that shows the trend in the Bitcoin Coinbase Premium Index, as well as its 14-day simple moving average (SMA), over the last few months: As displayed in the above graph, the Bitcoin Coinbase Premium Index plunged under its 14-day SMA and into the red territory last month. The cryptocurrency’s price plummeted alongside this venture into the negative zone for the indicator, suggesting the shift in the metric occurred not because of Binance users buying more, but rather due to Coinbase investors taking to selling. The activity of Coinbase users, who are predominantly from the US, has actually played a key role in BTC price action this year, with the asset’s value often finding itself closely mimicking the trend in the Coinbase Premium Index. Thus, it’s not surprising to see that these investors were the drivers for the recent crash as well. From the chart, it’s visible that users on the exchange continued to sell into the new year, but during the last few days, the metric has finally shown a reversal. With this surge, its value has crossed back above the 14-day SMA, potentially implying a return of momentum in the market. Related Reading: Dogecoin Jumps 20%, But Social Media Still Bearish: Green Signal For Rally? CryptoQuant has pointed out that the last time the cryptocurrency showed a similar trend was back in November. Following this previous crossover, the indicator saw a break into the positive region, alongside which Bitcoin enjoyed a rally from the $69,000 level to the new all-time high of $108,000. It now remains to be seen whether this is the start of a fresh wave of buying from American traders and if it would be similarly bullish for BTC this time as well. Signs have been looking positive so far, as the asset has witnessed recovery above the $100,000 mark since the crossover appeared. BTC Price At the time of writing, Bitcoin is trading at around $100,900, up over 7% in the last week. Featured image from Dall-E, CryptoQuant.com, chart from TradingView.com
Data shows the Bitcoin Coinbase Premium Index has witnessed a plunge to two-year lows recently. Here’s what this could mean for BTC’s price. Bitcoin Coinbase Premium Index Has Plummeted Over The Past Month As explained by an analyst in a CryptoQuant Quicktake post, the BTC Coinbase Premium Index has seen a sharp drawdown into negative territory recently. The “Coinbase Premium Index” here refers to an indicator that keeps track of the difference between the Bitcoin price listed on Coinbase (USD pair) and that on Binance (USDT pair). This metric’s value can tell us about the difference in the buying and selling behaviors of the investors present in the two cryptocurrency exchange giants. More specifically, the indicator represents how the moves of the American institutional entities (the dominant force on Coinbase) differ from those of the global whales. When the Coinbase Premium Index has a positive value, it means the asset is trading at a higher rate on Coinbase than on Binance. Such a trend implies that US-based whales participate in a higher amount of buying (or a lower amount of selling) than global investors. Related Reading: Bitcoin Decline Continues: Is $86,800 The Level To Watch? On the other hand, the metric being under the zero mark suggests that Binance users are the ones taking part in the higher amount of buying, as the coin is going for a higher price there. Now, here is a chart that shows the trend in the Bitcoin Coinbase Premium Index over the past year: As displayed in the above graph, the Bitcoin Coinbase Premium Index was at a positive level during the cryptocurrency’s exploration of new highs in the last two months of 2024. The pattern observed throughout the year was that the American institutional investors occupied the driving seat in the market, with shifts in buying and selling pressure from them reflecting in the asset’s price. Around mid-December, the indicator started to dip into the negative territory and has since maintained the trajectory. BTC’s spot value has also shown a downward trajectory alongside this trend, so it seems that Coinbase users continue to play a prime role in the sector. Following the latest continuation of the drop, the Coinbase Premium Index has dipped lower than the low from October. In fact, the indicator has now been at its lowest value since November 2022, more than two years ago. Related Reading: Bitcoin Sentiment Now Worst Since Mid-October: Reversal Signal? Considering that the Coinbase whales have been important for Bitcoin’s direction in the past year, the indicator being locked in a downtrend could spell further doom for the cryptocurrency’s price. That said, the asset has historically tended to bottom out when selling pressure has become too strong on Coinbase, as eventually new buyers start showing up to take coins at a cheaper rate off the hands of the sellers. The sharp negative spike alongside the FTX crash also resulted in a major bottom for BTC. It only remains to be seen, though, whether the FUD from the US-based investors has reached a high enough level for a bottom or not. BTC Price Bitcoin has kicked the new year off on a positive note as the asset’s price has seen a recovery rally to the $96,600 level. Featured image from Dall-E, CryptoQuant.com, chart from TradingView.com
A quant has explained how the latest trend in the Bitcoin Coinbase Premium Index could imply a buying opportunity for the asset. Bitcoin Coinbase Premium Index Has Plunged To -0.221% In a CryptoQuant Quicktake post, an analyst talked about the latest development in the Bitcoin Coinbase Premium Index. The “Coinbase Premium Index” refers to a metric that keeps track of the percentage difference between the BTC price on Coinbase (USD pair) and that on Binance (USDT pair). When the value of this metric is positive, it means the cryptocurrency is trading at a higher rate on Coinbase than on Binance. Such a trend implies there is a higher buying pressure or a lower selling pressure present on the former as compared to the latter. Related Reading: Dogecoin & Other Memecoins No Longer Grabbing Social Media Attention: Santiment On the other hand, the indicator being under the zero mark suggests that Binance users are participating in a higher amount of buying than Coinbase ones as they have pushed BTC to a higher value there. Now, here is a chart that shows the trend in the Bitcoin Coinbase Premium Index over the last few months: From the graph, it’s visible that the Bitcoin Coinbase Premium Index has seen a sharp decline into the negative region recently, meaning that sellers have appeared on Coinbase. Alongside this selling, the BTC price has also witnessed a decline, which would suggest the negative premium could be the source of it. The cryptocurrency has actually been following the indicator in this manner throughout the year, with its price going up and down alongside buying and selling shifts on Coinbase. The reason behind this relationship potentially lies in the fact that Coinbase is home to US-based institutional investors, who have had a significant presence in the market this year. The Coinbase Premium Index being red right now would naturally imply these giant investors are selling. Considering that BTC’s price has been following the metric, this would be a bearish signal for the asset. There exists another pattern, however, that could imply a different outcome for Bitcoin. As the quant has highlighted in the chart, the metric has seen a rebound whenever its value has gone to the -0.2% mark during the past year. Related Reading: Bitcoin To Top Above $168,500 Based On This Indicator, Analyst Reveals The explanation behind the pattern may be that it’s usually around this level of selling that new buyers show up and decide to accumulate on the dip, pushing the metric as well as the price up in the process. The current value of the indicator is sitting at -0.221%, so it’s possible that Bitcoin could be close to reaching a bottom, if it hasn’t already formed one. This would only be, of course, if the institutional investors think that the bull run is still on. BTC Price Bitcoin briefly went under the $93,000 level yesterday, but it seems the coin has found a rebound as its price is now trading around $94,100. Featured image from Dall-E, CryptoQuant.com, chart from TradingView.com
Data shows the Bitcoin Coinbase Premium Index has plunged into the negative territory alongside the latest asset price downturn. Bitcoin Coinbase Premium Index Is Currently In The Red Zone As explained by an analyst in a CryptoQuant Quicktake post, the Coinbase Premium Index has seen a decline recently. The “Coinbase Premium Index” refers to an […]
Data shows the Bitcoin Coinbase Premium Index has just seen a sharp rise into the positive region, a sign that could be bullish for BTC’s price. Bitcoin Coinbase Premium Index Has Spiked Recently As an analyst in a CryptoQuant Quicktake post explained, the Bitcoin Coinbase Premium Index has observed a surge despite the pullback the asset’s price […]
Data from CryptoQuant has revealed how institutional investors have been the drivers behind the latest Bitcoin surge above $100,000. Bitcoin Coinbase Premium Index Has Been Positive Recently In a new post on X, the on-chain analytics firm CryptoQuant has discussed the latest trend in the Bitcoin Coinbase Premium Index. The “Coinbase Premium Index” refers to […]
Bitcoin has observed a plunge under the $93,000 level during the past day. Here’s what the trend in an indicator suggests about what could be behind this downturn. Bitcoin Coinbase Premium Gap Has Gone Cold As pointed out by CryptoQuant community analyst Maartunn in a new post on X, the Coinbase Premium Gap has returned to neutral levels recently. The “Coinbase Premium Gap” here refers to an indicator that keeps track of the difference between the Bitcoin price listed on Coinbase (USD pair) and that on Binance (USDT pair). This metric essentially tells us about how the buying or selling behaviours differ between the user bases of the two cryptocurrency exchanges. Coinbase’s main traffic is made up of American investors, especially large institutional entities, while Binance serves investors around the world. When the Coinbase Premium Gap has a positive value, it means the US-based whales are participating in a higher amount of buying or a lower amount of selling than the Binance users, which is why the asset is more expensive on Coinbase. Similarly, it being negative implies a net higher buying pressure on Binance. Related Reading: Chainlink May Reach New ATH If This Barrier Breaks, Analyst Says Now, here is a chart that shows the trend in the Bitcoin Coinbase Premium Gap over the past couple of days: As displayed in the above graph, the Bitcoin Coinbase Premium Gap had been at notable positive levels earlier, but during the past day, its value has declined to the neutral zero mark. According to Maartunn, the source of the positive premium was Microstrategy’s latest buying spree. Indeed, the cooldown in the indicator matches up with the timing of the completion of the $5.4 billion purchase by Michael Saylor’s firm. The significant accumulation from the company had helped the cryptocurrency maintain its recent highs, but with the buying pressure depleted, Bitcoin has retraced to price levels under $93,000. BTC and the Coinbase Premium Gap have held a close relationship throughout 2024, so the metric could be to keep an eye on in the near future, as where it goes next may once again foreshadow the asset’s next destination. Naturally, a decline into the negative region could spell further bearish action for its price. In some other news, the Bitcoin Active Addresses indicator has observed a sharp jump recently, as Maartunn has shared in another X post. This metric keeps track of the daily number of addresses that are participating in some kind of transaction activity on the network. Related Reading: Bitcoin To Smash $100,000? Rapid Stablecoin Exchange Inflows Continue Below is the chart shared by the CryptoQuant analyst for the 14-day simple moving average (SMA) of the Active Addresses: With this latest surge, the 14-day SMA of the Bitcoin Active Addresses has reached its highest point in eleven months. This suggests that a lot of activity has recently occurred on the network. Given that the asset has gone down in the past day, though, the most recent user interest has certainly not come for buying. BTC Price At the time of writing, Bitcoin is floating around $92,400, down almost 6% over the last 24 hours. Featured image from Dall-E, CryptoQuant.com, chart from TradingView.com
Data shows the Bitcoin Coinbase Premium Gap has plunged into the negative territory following BTC’s latest high above $98,000. Bitcoin Coinbase Premium Gap Has Just Observed A Plummet As explained by CryptoQuant community analyst Maartunn in a new Quicktake post, the recent positive Coinbase Premium Gap has just disappeared. The “Coinbase Premium Gap” here refers […]
Data shows the Bitcoin Coinbase Premium Gap has turned negative recently. Here’s what this could mean for the asset’s price. Bitcoin Coinbase Premium Gap Has Just Observed A Deep Plunge As an analyst in a CryptoQuant Quicktake post explained, the Coinbase Premium Gap has seen a rapid trend reversal recently. The “Coinbase Premium Gap” here refers to an […]
Data shows Bitcoin users on the Coinbase exchange have been selling recently, a potential reason behind BTC’s drop under $58,000. Bitcoin Has Slipped Under The $58,000 Level In Its Latest Plunge Contrary to what investors may have hoped, Bitcoin hasn’t appeared to have shaken off bearish winds as the asset has witnessed another setback over […]
Data shows the Bitcoin Coinbase Premium Index has turned positive again, a sign that demand for buying BTC is back from the American investors. Bitcoin Makes Recovery As Coinbase Premium Index Turns Green As pointed out by an analyst in a CryptoQuant Quicktake post, the Bitcoin Coinbase Premium Index has surged into the positive territory […]
The Bitcoin price has observed a surge back above the $71,000 level during the past day as buyers appear to have returned on Coinbase. Bitcoin Coinbase Premium Has Witnessed A Large Positive Spike As explained by CryptoQuant author Axel Adler Jr in a post on X, the BTC Coinbase Premium Index has registered a high […]
The positive Bitcoin Coinbase Premium that drove the latest rally above $70,000 has dissipated, suggesting buying has already slowed down. Bitcoin Coinbase Premium Gap Has Returned To Neutral Levels CryptoQuant Netherlands community manager Maartunn explained in a post on X that the Bitcoin Coinbase Premium Gap has declined back toward the neutral line. The “Coinbase Premium Gap” here refers to a metric that keeps track of the difference between the BTC prices listed on cryptocurrency exchanges Coinbase (USD pair) and Binance (USDT pair). Related Reading: Bitcoin Sentiment Returns To Extreme Greed As BTC Breaks $71,000 When the value of this metric is positive, it means that the price listed on Coinbase is greater than that on Binance right now. Such a trend implies that the buying pressure on the former is higher than that on the latter platform (or alternatively, the selling pressure on there is just lower). On the other hand, a negative value can imply the selling pressure on Coinbase is higher than on Binance as the price of the cryptocurrency listed there is lower. Now, here is a chart that shows the trend in the Bitcoin Coinbase Premium Gap over the past few days: The value of the metric appears to have been close to the neutral line recently | Source: @JA_Maartun on X The chart shows that the Bitcoin Coinbase Premium Gap had taken to notably positive values as the latest upward push in the asset’s price had occurred. Since then, though, the metric has fallen, with its value approaching zero. It would seem that the buying pressure on the platform contributed to the surge. The fact that the rally has slowed since the metric returned to neutral levels may add further evidence. This isn’t unnatural for this year, however, as the Bitcoin price and Coinbase Premium Gap have shown a pretty tight relationship since the start of 2024. Coinbase is popularly known as the preferred platform of American institutional investors, while Binance hosts more global traffic. As such, the premium’s value provides insight into how the behavior of the US-based large holders differs from that of world users. Since the Coinbase Premium Gap has been the driver of the recent price surges, buying from these institutional entities could potentially have provided the fuel. Related Reading: Bitcoin Top In Yet? What The Legendary MVRV Ratio Says As the indicator’s value has now neared the neutral mark, it would imply that these whales have lifted their foot off the gas. Given the close relationship the metric and BTC price have held recently, it may be worth keeping an eye on how things develop in the coming days. BTC may register some decline if the premium flips into the red from here. Naturally, a continuation of positive values would be a bullish sign instead. BTC Price At the time of writing, Bitcoin is trading around the $70,100 level, up more than 11% over the past week. Looks like the value of the asset has been going up over the last few days | Source: BTCUSD on TradingView Featured image from Kanchanara on Unsplash.com, CryptoQuant.com, chart from TradingView.com