Bitcoin Coinbase Premium Gap Surges Indicating Increased Institutional Buying
Data indicates a significant increase in the Bitcoin Coinbase Premium Gap, suggesting American investors are purchasing BTC at lower post-dip prices.
Key Highlights
- The Bitcoin Coinbase Premium Gap measures the price difference between Bitcoin on Coinbase and Binance.
- This gap surged on Wednesday, indicating higher buying activity among Coinbase users compared to Binance traders.
- Following this accumulation by US entities, BTC's price reached an all-time high before experiencing a decline.
- Despite the drop, the Coinbase Premium Gap continued to rise, signaling potential institutional interest in buying the dip.
- USDC Exchange Inflow reached $3.88 billion, demonstrating that investors view the current market conditions as a buy opportunity.
Current BTC Price
Bitcoin is currently trading at approximately $117,800, down 1% in the last 24 hours.
