Bitcoin has recovered above the $98,000 level as the Coinbase Premium Gap flipped positive, signaling a resurgence of buying pressure from US-based investors on the exchange. The premium gap, which tracks the difference in BTC price between Coinbase and Binance, turned green after intensified selling from American whales drove prices down to $92,000.
The US institutional investors were the primary drivers of the Bitcoin market throughout 2024, and this trend appears to be continuing in 2025. The positive Coinbase Premium Gap suggests a bullish outlook for BTC, as long as it remains in the green territory. However, a dip below zero could reignite bearish sentiment.
Meanwhile, the Bitcoin Korea Premium Index hit a three-year high of around 12% following the recent crash, indicating heavy accumulation by South Korean investors during the dip.
Tags: Bitcoin, Coinbase Premium Gap, US Investors, Institutional Buyers, Bullish Sentiment
Backlink: Bitcoinist
Leave a Reply