#BinanceMegadropSolv 🔄 The Bitcoin Coinbase Premium Index has turned positive for the first time this year

The Coinbase Bitcoin Premium Index is a measure of the percentage difference between the price of Bitcoin on Coinbase Pro (USD trading pair) and the price on Binance (USDT trading pair).

Coinbase is a popular cryptocurrency exchange for American investors, particularly large institutions, while Binance has a larger global user base.

This means that a positive price difference for BTC on the two platforms could suggest whether American investors are exerting more buying pressure on the market compared to global investors.

A little hopium to start the day! 🚀🚀