{"id":27373,"date":"2025-02-04T09:40:25","date_gmt":"2025-02-04T09:40:25","guid":{"rendered":"https:\/\/www.bitrabo.com\/discover\/?p=27373"},"modified":"2025-02-04T09:40:25","modified_gmt":"2025-02-04T09:40:25","slug":"bitcoin-bounces-back-to-over-98000-as-coinbase-giants-make-their-move","status":"publish","type":"post","link":"https:\/\/www.bitrabo.com\/discover\/bitcoin-bounces-back-to-over-98000-as-coinbase-giants-make-their-move\/","title":{"rendered":"Bitcoin Bounces Back to Over $98,000 as Coinbase Giants Make Their Move"},"content":{"rendered":"\n

Recent data indicates that the Bitcoin Coinbase Premium Gap has shifted back to a positive position, suggesting renewed interest from buyers on the platform.<\/p>\n

<\/span>Bitcoin Coinbase Premium Gap Turns Positive Again<\/span><\/h2>\n

According to a recent update<\/a> 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).<\/p>\n

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.<\/p>\n

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.<\/p>\n

Below is a chart demonstrating the recent fluctuations in the Bitcoin Coinbase Premium Gap:<\/p>\n

<\/p>\n

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.<\/p>\n

Throughout 2024, US institutional investors have played a significant role in the market, with Bitcoin\u2019s 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.<\/p>\n

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.<\/p>\n

Additionally, the Bitcoin Korea Premium Index\u2014a metric akin to the Coinbase Premium Gap that tracks price differences on South Korean exchanges\u2014has reportedly reached a three-year high of approximately 12% after the previous drop.<\/p>\n

\"Bitcoin<\/p>\n

This trend suggests that users on South Korean exchanges, who have been consistently buying, reacted significantly to the Bitcoin dip.<\/p>\n

<\/span>Current BTC Price<\/span><\/h2>\n

As of now, Bitcoin is priced at approximately $98,400, reflecting a slight decline of about 1% over the past week.<\/p>\n

\"Bitcoin<\/p>\n","protected":false},"excerpt":{"rendered":"

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 […]<\/p>\n","protected":false},"author":14,"featured_media":27374,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"slim_seo":{"title":"Bitcoin Bounces Back to Over $98,000 as Coinbase Giants Make Their Move - Bitrabo","description":"Recent data indicates that the Bitcoin Coinbase Premium Gap has shifted back to a positive position, suggesting renewed interest from buyers on the platform. Bi"},"footnotes":""},"categories":[316],"tags":[448,987,660,4664,2834,457],"class_list":["post-27373","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-bitcoin","tag-buying","tag-coinbase","tag-recovers","tag-start","tag-whales"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/27373","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/comments?post=27373"}],"version-history":[{"count":0,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/27373\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media\/27374"}],"wp:attachment":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media?parent=27373"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/categories?post=27373"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/tags?post=27373"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}