Bitcoin Coinbase Premium Gap Is Now Green Again

Data shows the Bitcoin Coinbase Premium Gap has just turned back positive, a sign that buyers have returned on the platform.

Fresh data shows that the Bitcoin Coinbase Premium Gap has just turned back positive, which could be a sign that buyers have returned to the platform.

Bitcoin Coinbase Premium Gap Turns Back Positive

As highlighted by CryptoQuant community analyst Maartunn in a new post on X, the Bitcoin Coinbase Premium Gap has just flipped back positive. A relevant indicator to follow here is the “Coinbase Premium Gap,” which, as the name suggests, tracks the difference between the BTC price listed on Coinbase (USD pair) and that on Binance (USDT pair).

The former cryptocurrency exchange is primarily used by US-based investors, especially the large institutional traders, whereas the latter hosts global traffic. Hence, the metric can be used to gauge how the buying or selling behavior differs between the American and foreign whales.

When the value of this indicator is positive, it implies that the asset is going for a higher rate on Coinbase than on Binance, which could be a sign of a higher buying pressure (or lower selling pressure) from the US-based investors compared to the global entities.

On the other hand, the metric being below zero suggests that the Binance users might be applying a higher buying pressure as the cryptocurrency is trading at a higher price on there.

Now, here is a chart shared by the analyst that shows the trend in the Bitcoin Coinbase Premium Gap over the last couple of days:

As you can see in the chart above, the Bitcoin Coinbase Premium Gap was in the negative territory yesterday, showing that Coinbase was seeing a higher selling pressure than Binance.

The selling by the US-based investors intensified as the cryptocurrency crashed to lows of $92,000, but from the bottom, the metric has managed to cross into the green zone, showing a buying pressure from the American investors.

Throughout 2024, the US-based institutional entities were the main drivers of the market, with the price of Bitcoin often found to be following the same path as the Coinbase Premium Gap. It seems like 2025 has seen no difference in this aspect so far, as BTC has seen a recovery push above $98,500 with the return of accumulation on Coinbase.

Considering this pattern, it might be best to keep an eye on the indicator in the coming days as a continued stay in the positive region would be a bullish sign for BTC, while a flip below zero could be signaling a bearish momentum.

In some other interesting news, the Bitcoin Korea Premium Index, a metric similar to the Coinbase Premium Gap that tracks the premium on South Korean platforms, hit a three-year high of about 12% following the crash.

The trend would imply that the users on the Korean exchanges, who had already been constantly accumulating recently, bought the Bitcoin dip heavily.

BTC Price

At the time of writing, Bitcoin’s price floats around $98,400, having declined by about 1% over the last seven days and showing a宕broad宕range over the last 30 days.