Bitcoin’s Coinbase Premium Gap Stays Positive—Here’s Why Traders Should Care
Bitcoin’s price action just got a bullish signal from the pros—the Coinbase Premium Gap remains stubbornly in the green. That means institutional buyers are still loading up, even as retail traders panic over minor dips.
When Coinbase (the ’blue-chip’ exchange for big-money players) shows higher BTC prices than Binance or other platforms, it’s a telltale sign of whale accumulation. And right now? The premium’s holding strong—despite the usual chorus of ’crypto is dead’ from Wall Street analysts who missed the last 200% rally.
What’s next? History says sustained premiums often precede explosive moves. But let’s be real: in crypto, even the smart money gets rekt sometimes. Proceed with optimism—and maybe a stop-loss.
‘ETF Printer Goes Brrr’ – Crypto Analyst
In an April 25 post on the X platform, a crypto analyst with the pseudonym Maartunn shared an on-chain insight into the recent price rally experienced by the world’s largest cryptocurrency. According to the online pundit, the growing appetite of exchange-traded fund (ETF) investors in the past few days might have contributed to the Bitcoin bullish momentum.
The relevant indicator here is the Coinbase Premium Gap, which tracks the difference between the Bitcoin price on US-based Coinbase Pro (USD pair) and global Binance exchange (USDT pair). When this difference is positive, it implies BTC is trading at a higher price on Coinbase than on Binance.
Typically, a positive Coinbase Premium Gap indicates that US-based investors are purchasing Bitcoin aggressively, especially through ETF issuers that use Coinbase as a liquidity provider. According to data from CryptoQuant, this metric’s 30-hour moving average has stayed positive for more than 265 straight hours (approximately 11 days).
Maartunn noted that this is the fifth-longest streak since the spot Bitcoin exchange-traded funds started trading in January 2024. Typically, a consistently positive Coinbase Premium Gap suggests that US institutional players and large investors are willing to pay above-market prices for Bitcoin — specifically through regulated channels like ETFs or custodial platforms.
This prolonged positive streak is historically correlated with positive price action and accumulation phases for the flagship cryptocurrency. Hence, the latest spike in the Coinbase Premium Gap could provide the adequate condition to sustain Bitcoin’s newly-found bullish momentum and perhaps catalyze the next significant breakout.
Bitcoin Price At A Glance
The price of Bitcoin has climbed above $95,000 for the first time since February, reflecting a 2% increase in the past 24 hours. According to CoinGecko data, the premier cryptocurrency has surged by more than 13% in the past seven days.
