Bitcoin owners $BTC in the USA are cautious
Data from CryptoQuant showed a decline in the Coinbase premium index for BTC over the last seven days. It is currently below zero and at a seven-day minimum of -0.01.
The metric measures the difference in the price of bitcoin on Coinbase and Binance. It tracks the activity of institutional and US-based investors, as Coinbase is the preferred platform for these two groups. A negative value indicates that the price on Coinbase is lower than on Binance. This suggests weak demand or selling pressure from American investors. The low buying activity of US investors is also reflected in the Coinbase Premium Gap metric. According to CryptoQuant, this indicator has dropped to a seven-day minimum of -10.
It also measures the price difference of BTC on Coinbase Pro (USD) and Binance (USDT). A positive gap indicates strong buying pressure from American investors on Coinbase, suggesting high demand. A negative gap implies weak demand from US investors.
