Emily Walker
Recent data indicates that the Bitcoin Coinbase Premium Gap has shifted back to a positive position, suggesting renewed interest from buyers on the platform.
Bitcoin Coinbase Premium Gap Turns Positive Again
According to a recent update from CryptoQuant analyst Maartunn, the Bitcoin Coinbase Premium Gap has reverted to a positive state. This gap measures the difference in Bitcoin prices between Coinbase (denominated in USD) and Binance (denominated in USDT).
Coinbase primarily attracts American investors, especially large institutional traders, whereas Binance caters to a global audience. As a result, this metric reveals the varying buying and selling patterns between US and international traders.
A positive reading on this gap indicates that Bitcoin is priced higher on Coinbase than on Binance, suggesting that US investors are buying more aggressively compared to global participants. Conversely, a negative gap implies that Binance users are exerting more buying pressure due to the higher price there.
Below is a chart demonstrating the recent fluctuations in the Bitcoin Coinbase Premium Gap:
The chart illustrates that the Bitcoin Coinbase Premium Gap was negative just yesterday, indicating greater selling pressure on Coinbase than on Binance. The sell-off intensified among US investors during a drop to $92,000. However, following this downturn, the gap has turned positive again.
Throughout 2024, US institutional investors have played a significant role in the market, with Bitcoin’s price often correlating with the Coinbase Premium Gap. So far in 2025, this pattern holds as Bitcoin has seen a recovery beyond $98,500 in conjunction with renewed purchasing on Coinbase.
Monitoring this indicator in the coming days could be prudent. A sustained positive gap would signal bullish momentum for Bitcoin, while dipping below zero might reinstate bearish trends.
Additionally, the Bitcoin Korea Premium Index—a metric akin to the Coinbase Premium Gap that tracks price differences on South Korean exchanges—has reportedly reached a three-year high of approximately 12% after the previous drop.
This trend suggests that users on South Korean exchanges, who have been consistently buying, reacted significantly to the Bitcoin dip.
Current BTC Price
As of now, Bitcoin is priced at approximately $98,400, reflecting a slight decline of about 1% over the past week.