Data shows the Bitcoin Coinbase premium gap has surged up to positive values, suggesting that buying from investors on the exchange could be behind the pump to $22k.
Bitcoin Coinbase Premium Gap Observes Sharp Rise To Positive Values
As pointed out by an analyst in a CryptoQuant post, after many months of negative values, the Coinbase premium gap is now above zero.
The “Coinbase premium gap” is an indicator that measures the difference between the Bitcoin price on Coinbase Pro (USD pair) and the value on Binance (USDT pair).
Since Coinbase is popularly used by US investors (especially institutionals), while Binance is used more in other parts of the world, the difference in BTC prices between the exchanges can suggest where the buying/sell pressure could be coming from.
When the value of the premium gap is greater than zero, it means the value of the crypto listed on Coinbase is currently more than on Binance. This suggests that US investors have recently been buying more compa ..
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