Coinbase Premium Gap in July at $78... Two-Year High
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Crypto analyst Dark Post pointed out the 'Coinbase Premium Gap' on the 8th, claiming that Bitcoin prices have continued to perform well as U.S. institutional investors continue to buy Bitcoin.
The Coinbase Premium Gap is an indicator that shows the price difference between Bitcoin on Coinbase Pro and Binance. Considering that Coinbase Pro is an exchange exclusively for U.S. institutions and professional traders, the Coinbase Premium Gap is a key indicator that specifies the cryptocurrency investment enthusiasm between U.S. institutional investors and overseas cryptocurrency investors.
The Coinbase Premium Gap in July recorded approximately $78, marking a two-year high.
In fact, despite the unstable international situation, Bitcoin has consistently maintained the 108,000 dollar range, sustaining a price that has not significantly dropped from its all-time high of 112,000 dollars.
Dark Post pointed out that based on the current trend, whether Bitcoin will set a new all-time high depends on the movements of U.S. institutional investors. Dark Post explained, "If the buying pressure from U.S. institutional investors continues, Bitcoin can enter the next stage, but if the current buying pressure decreases, Bitcoin could turn to a downward trend."
Reporter Seung-won Kwon ksw@blockstreet.co.kr
