Bitcoin Coinbase Premium Gap Hits 18-Month Low as US Demand Drops

The Bitcoin Coinbase Premium Gap, which measures the price difference between BTC on Coinbase and Binance, has sharply declined into negative territory. This indicates a shift in behavior among American investors toward higher selling or lower buying pressure.

The current value of the gap is -$122, suggesting BTC trades at a $122 discount on Coinbase compared to Binance.
This level of the gap has only been observed five times in the last 18 months.
The indicator's decline reflects decreased demand from US traders and may correlate with BTC's spot price movements.

Despite the low demand from American institutional entities, Bitcoin's price remains relatively stable around $88,900. However, the persistence of this trend remains uncertain.