Coinbase premium hits yearly low, hinting at institutional selling
Bitcoin’s Coinbase Premium Gap has fallen to a yearly low, a move analysts say may reflect weaker relative demand on Coinbase-linked venues tied to institutional trading.
The Coinbase Premium Gap, which tracks the price difference between Bitcoin on Coinbase and Binance, has fallen to its lowest level in over a year.
An analyst said the move may point to weaker relative demand on Coinbase-linked venues, which are commonly associated with institutional trading.
The Coinbase Premium is the price difference between Coinbase’s BTC/USD pair and Binance’s BTC/USDT pair.