#BTCvsMarkets responsible for the latest surge in Bitcoin price
Data shows that the Bitcoin Coinbase Premium gap has fallen into negative territory, indicating that Binance whales may be fueling this rise.
#CryptoMarketCapBackTo$3T
The Bitcoin Coinbase Premium gap decreased alongside the latest price surge
#dinnerwithtrump
As one analyst noted in a quick post on the CryptoQuant platform, the Bitcoin Coinbase Premium gap has dropped to a negative value. The term "Coinbase Premium Gap" refers to an indicator that tracks the difference between the price of Bitcoin (USD pair) listed on Coinbase and its price on Binance (USDT pair).
When the gauge value is positive, it means that the cryptocurrency is trading at a higher price on Coinbase than on Binance. This trend indicates that Coinbase investors are engaging in larger purchases (or smaller sales) compared to Binance investors.
$BTC
