Data shows that the Bitcoin Coinbase Premium Gap has been positive over the past 25 days, a sign that could indicate returning demand from US institutional traders.
Coinbase Bitcoin Premium Gap has been rising lately
In a new after on X, CryptoQuant community analyst Maarunn talked about the latest trend in the Bitcoin Coinbase Premium Gap. This indicator measures the difference between the BTC price quoted on Coinbase (USD pair) and that on Binance (USDT pair).
When the value of this metric is above zero, it means that the cryptocurrency is going for a higher price on Coinbase than on Binance. Such a trend implies that the users of the former may exert greater buying pressure (or lower selling pressure) compared to those of the latter.
On the other hand, the fact that the indicator is underwater suggests that the Binance traders may be the ones participating in a greater amount of accumulation as they have pushed BTC to a higher rate versus Coinbase.
Here is the chart shared by Maartunn showing the trend in the 30-hour moving average (MA) of the Bitcoin Coinbase Premium Gap over the past few years:
As shown in the chart above, Bitcoin Coinbase Premium Gap’s 30-hour MA fell deep into the negative zone during the asset’s decline from its January high, indicating that selling on Coinbase may have been the driving force behind the price decline.
Coinbase users influencing the asset’s trajectory is nothing new to the market. Since early 2024, there has even been some correlation between the Coinbase Premium Gap and the spot price of BTC. This may be due to the fact that the stock market is the main destination of institutional investors in the United States. Even the spot exchange-traded funds (ETFs) use the platform as their custodian.
The chart shows that while the measure was within the red zone earlier this year, a shift began to occur towards the end of February, with the indicator’s 30-hour MA value turning into positive territory. Since then, the price has risen steadily within the zone, indicating that the price of the cryptocurrency on Coinbase has increased relative to the Binance market.
“The Coinbase Premium Gap just logged 25 straight days in positive territory, the longest streak since October 2025,” the analyst said. Bitcoin has shown some recovery alongside these green values, a potential sign that US institutional entities may once again play a role in the market.
BTC price
Bitcoin rose above $75,000 earlier this week, but the coin has since suffered a setback as the price now hovers around $70,300.