After a 60 -day historical race, the Bitcoin (BTC) bonus on Coinbase, a key indicator of the demand of robust American investors, dissipates, indicating a notable change in market dynamics.
Premium Coinbase of BTC, which represents the difference as a percentage between the BTC / USD pair on Coinbase and the BTC / USDT pair on Binance, became negative early Tuesday, marking the first instance of this type since the end of May, according to Data Source TradingView.
The negative flip indicates a relative and relative relative weakening of the demand of American investors, supporting the case of a prolonged decline in the BTC price.
The Bitcoin Premium Coinbase index is a measure of the difference as a percentage between the price of Bitcoin on Coinbase Pro (USD pair) and the price on Binance (USDT trading pair).
A positive value is widely considered as an indicator of the robust demand for American investors, in particular institutions. The exchange of cryptocurrency classified at NASDAQ is popular among American investors, in particular large institutions, while Binance has a greater user base in the world.
Recent bull races have been marked by Bitcoin trading at a Coinbase bonus, reflecting a stronger purchase pressure of sophisticated American traders and institutions.
