Coinbase Premium recorded a significant negative value. This indicator reflects the difference in Bitcoin prices between the Coinbase and Binance exchanges.

Despite the current uptrend, the negative Coinbase Premium value indicates strong buying pressure on Binance. Bitcoin price is not falling, indicating high buying interest.

For Bitcoin price to rise significantly, buying pressure must extend outside the US, driven by FOMO in the global market.

This movement is very positive for Bitcoin.