The post Bitcoin Recovers To $95,000 As Coinbase Whales Start Buying appeared on BitcoinEthereumNews.com.

Data shows the Bitcoin Coinbase Premium Gap has just turned back positive, a sign that buyers have returned on the platform. Bitcoin Coinbase Premium Gap Is Now Green Again As pointed out by CryptoQuant community analyst Maartunn in a new post on X, the Bitcoin Coinbase Premium Gap has just flipped back positive. The indicator of relevance here is the “Coinbase Premium Gap,” which, as its name suggests, keeps track of the difference between the BTC price listed on Coinbase (USD pair) and that on Binance (USDT pair). The former cryptocurrency exchange is mainly used by the US-based investors, especially the large institutional traders, while the latter one hosts a global traffic. As such, the metric tells us about how the buying or selling behaviors differ between the American and foreign whales. When the value of this indicator is positive, it means the the asset is going for a higher rate on Coinbase than on Binance. Such a trend implies the US-based investors are participating in a higher amount of buying (or lower amount of selling) than the global entities. On the other hand, the metric being under zero suggests the Binance users may be applying a higher buying pressure as the cryptocurrency is trading at a higher price on there. Now, here is the chart shared by the analyst that shows the trend in the Bitcoin Coinbase Premium Gap over the last couple of days: Looks like the value of the metric has just seen a surge above the zero mark | Source: @JA_Maartun on X As is visible in the above graph, the Bitcoin Coinbase Premium Gap was inside the negative territory yesterday, implying Coinbase was witnessing a higher amount of selling pressure than Binance. The selloff from the American investors intensified as the crash to $92,000 occurred…

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Filed under: News - @ February 4, 2025 10:24 am