Bitcoin Coinbase Premium Is Negative: What It Means For Price Recovery
Summary
The Bitcoin Coinbase Premium Gap is currently negative, indicating high selling pressure on Coinbase compared to Binance. This suggests that US-based institutional investors, who commonly use Coinbase, may be selling, potentially hindering the asset's recovery. The recent negative trend in the Premium Gap coincided with a drop in Bitcoin's price. Despite a rebound, the negative Premium Gap may pose resistance to Bitcoin's recovery.
