The Bitcoin Coinbase Premium Gap has remained positive for 25 consecutive days, the longest streak since October 2025, indicating rising demand from American institutional traders.
This metric tracks the price difference between Bitcoin on Coinbase, priced in USD, and Binance, priced in USDT. A positive reading means higher relative prices on Coinbase, often driven by U.S.-based institutional activity.
The 30-hour moving average of the gap flipped positive at the end of February after months in negative territory, coinciding with increased accumulation on U.S. exchanges.
Coinbase serves as a primary custodial platform for U.S.-listed spot Bitcoin ETFs, amplifying its role in tracking institutional flows.
Bitcoin briefly surged above $75,000 this week but has pulled back to trade near $70,300.