Rising Interest in Bitcoin: Coinbase Premium Showcases Positive Movement for 25 Consecutive Days

Data indicates that the Bitcoin Coinbase Premium Gap has remained positive for 25 straight days, suggesting a resurgence in demand from American institutional traders.

Key Takeaways:

The Bitcoin Coinbase Premium Gap has remained positive for 25 consecutive days, signaling increased demand from institutional traders in the U.S.
The indicator measures the price difference of Bitcoin on Coinbase versus Binance, with positive values suggesting heightened buying pressure on Coinbase.
A correlation exists between the Coinbase Premium Gap and Bitcoin's market price, highlighting Coinbase's role as a preferred platform for institutional investors.
Bitcoin’s price recently surged past $75,000 before retracing to around $70,300.

Bitcoin

Understanding the Coinbase Bitcoin Premium Gap

In a recent update on X, crypto analyst Maartunn from the CryptoQuant community discussed the notable trend in the Bitcoin Coinbase Premium Gap. This indicator measures the price difference of Bitcoin between Coinbase (in USD) and Binance (in USDT).

When the figure of this metric is above zero, it indicates that Bitcoin is priced higher on Coinbase compared to Binance. This trend implies that users on Coinbase may be exerting more buying pressure, or significantly less selling pressure, compared to their counterparts on Binance. Conversely, when the indicator is negative, it suggests that traders on Binance might be accumulating Bitcoin at a higher rate, impacting the relative price on Coinbase.

Below is the chart shared by Maartunn, illustrating the 30-hour moving average (MA) of the Bitcoin Coinbase Premium Gap over the past few years:

Bitcoin Coinbase Premium Gap

As shown in the graph, the 30-hour MA of the Bitcoin Coinbase Premium Gap significantly fell into negative territory during the decline following Bitcoin's January peak, indicating that Coinbase selling likely contributed to the drop in price.

The influence of Coinbase users on Bitcoin's price is not a recent phenomenon. Notably, since early 2024, there appears to be a correlation between the Coinbase Premium Gap and Bitcoin's spot price, possibly because Coinbase serves as a primary platform for institutional investors in the United States. Additionally, several spot exchange-traded funds (ETFs) use Coinbase as their custodian.

The chart illustrates that while the metric was in the negative zone early this year, a notable shift began at the end of February, transitioning into positive territory. Since then, the metric has consistently risen, indicating that Bitcoin's price on Coinbase has increased in comparison to its price on Binance.

Maartunn noted, “The Coinbase Premium Gap has logged 25 consecutive days in positive territory, marking the longest streak since October 2025.” This may indicate a recovery in Bitcoin, potentially signaling that American institutional traders are regaining interest.

Current Bitcoin Price

Earlier this week, Bitcoin surpassed $75,000, but it has since experienced a retracement, with its current price hovering around $70,300.

Bitcoin Price Chart

This chart shows the price trend of Bitcoin over the last five days | Source: BTCUSDT on TradingView