đ **Bitcoin on the Rise: Coinbase Premium Turns Positive!** đ
Hey BTC enthusiasts! đ Exciting news from the crypto world: the Coinbase premium has turned positive in early July after a concerning dip in mid-May. According to Kaiko, this could signal a resurgence of institutional interest in Bitcoin. đ
**Renewed Institutional Interest**
The Coinbase premium, which measures the difference between BTC prices on Coinbase and Binance, is a key indicator of institutional sentiment. On July 1, analyst David Lawant noted a significant drop, reminiscent of past events that preceded major rallies. By July 15, the premium surged to a two-month high, hinting at a bullish outlook. đ
**Spot-Driven Rally**
Market analyst HornHairs suggests that this premium spike indicates a spot-driven rally, which is typically more sustainable and healthier for the market. This could mean a solid foundation for future growth, led by Bitcoin and Ethereum. đ
Stay tuned, BTC lovers! The crypto landscape is buzzing with potential. đâš