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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)
The post Bitcoin Coinbase premium index hits record levels appeared first on CryptoSlate.
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