Bitcoin Coinbase premium index hits record levels

2023-3-22 19:59

Definition

The percent difference between Bitcoin’s Coinbase Pro price (USD pair) and Binance price (USDT pair).
High premium values could indicate US investors’ strong buying pressure in Coinbase.

Quick Take During the 2021 bull run, the Coinbase premium index spiked to 0.5, demonstrating US investors were buying Bitcoin at relatively high price levels. As the cycle continued, these investors sold at record levels during the luna and FTX collapse. The Coinbase premium spiked to record levels during the collapse of Silicon Valley Bank and hit a record 1.0. The Coinbase premium is still at extremely elevated levels, which shows US investors are still aggressively buying Bitcoin. Coinbase Premium Index: (Source: CryptoQuant)

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Bitcoin (BTC) на Currencies.ru

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bitcoin coinbase price pair levels index hits

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