Bitcoin's Coinbase Premium Remained Green for an Extended Period of 73 Days, a Record Long Since the ETF Launch
In the world of cryptocurrency, the Bitcoin Coinbase Premium Gap has been a subject of interest among analysts and investors alike. This gap, which measures the price difference between Bitcoin traded on Coinbase (BTC/USD) and Binance (BTC/USDT) or other exchanges, is considered a proxy for U.S.-based institutional and whale investor demand for Bitcoin.
Recently, the premium has reached its highest level since February 2025 and has remained consistently positive since the end of April 2025. This positive trend aligns with a broader surge in buying from U.S. consumers, reinforcing the idea that U.S.-based institutional interest is a key tailwind for Bitcoin's price going forward.
A positive Coinbase Premium indicates increased demand on U.S. exchanges, which often leads to upward price pressure because institutional investors typically purchase large amounts of Bitcoin, reducing available supply on exchanges. The premium's persistence suggests continued confidence and accumulation by institutions, which can underpin Bitcoin’s price stability and growth.
Analysts have pointed out that there are no signs of market "overheating," suggesting the trend is sustainable through the remainder of 2025, potentially helping Bitcoin challenge key resistance levels near its recent all-time highs around $112,000. This demand dynamic is supported by a decline in overall exchange reserves, with exchanges holding about 550,000 fewer BTC over the past year, indicating more coins are moving into long-term holders' custody rather than being available for sale.
In summary, the Bitcoin Coinbase Premium Gap’s recent positive trend reflects strong U.S. institutional buying interest, which is a critical factor supporting Bitcoin’s current price strength and fueling optimism that the asset may continue to appreciate as institutional demand accelerates and liquidity conditions improve.
At the time of writing, Bitcoin's price is trading around $107,800, up over 2% in the last week. However, it's crucial to keep an eye on the Coinbase Premium Gap to watch out for any reversals into the negative zone, as this could signal a change in the demand dynamics and potentially impact Bitcoin's price trajectory.
[1] CryptoQuant Community Analyst Maartunn's recent post on the latest trend in the Coinbase Premium Gap of Bitcoin. [2] Glassnode's observation of the broader bullish structure of Bitcoin despite short-term volatility. [3] On-chain analytics firm Glassnode's point out that Bitcoin has managed to stay above a key support zone. [4] No information about a potential big winner or record win from BitStarz was relevant to the main topic and was not included in the bullet points. [5] The Cost Basis Distribution of Bitcoin indicates a notable amount of the asset’s supply was last purchased between $93,000 and $100,000. [6] Solana CME Futures Volume has hit an all-time high, suggesting institutions are piling in. [7] No information about a potential record win from any specific platform was relevant to the main topic and was not included in the bullet points.
Institutional demand for Bitcoin in the U.S. continues to be a significant factor contributing to its price strength, as indicated by the persistently positive Coinbase Premium, which has reached its highest level since February 2025. This trend could potentially help Bitcoin challenge key resistance levels near its all-time highs, should it remain sustainable through the remainder of 2025. However, it's essential to monitor the Coinbase Premium Gap to detect any reversals into the negative zone, as these could signal changes in demand dynamics and potential fluctuations in Bitcoin's price trajectory.
