Bitcoin Institutional Investors Buying In ETF Anticipation? This Metric Suggests So
Summary
The Bitcoin Coinbase Premium has remained positive since the start of the year, indicating potential institutional trader buying. The Coinbase Premium Gap measures the price difference between Coinbase and Binance, with a positive value suggesting higher buying pressure on Coinbase. This trend has continued even during market crashes, indicating sustained institutional investor activity. The positive metric implies that US institutional investors may be accumulating Bitcoin, potentially in preparation for an ETF approval. As of now, Bitcoin is trading at around $43,800, up almost 3% over the past week.
