Bitcoin Coinbase Premium Index.
@everyone
This indicator is an indicator that measures the difference in the price of Bitcoin on Coinbase compared to other global exchanges.
The blue line measures the difference (premium or discount) of the price of Bitcoin on Coinbase compared to the average price on other exchanges. A positive value indicates that the price on Coinbase is higher, while a negative value indicates that the price on Coinbase is lower.
When the Coinbase Premium Index is above 0, it indicates that there is more demand on Coinbase compared to other exchanges. Coinbase is often used by large institutional and individual investors in the US, so this premium could reflect high buying interest from the US market.
When the value is below 0, it means that the price on Coinbase is lower than other exchanges, indicating greater selling pressure on Coinbase or weaker demand from the US market. This situation is often considered a bearish signal.
The last time we saw the Coinbase Premium at this level we saw a bounce in the price of Bitcoin which could be a good indicator to consider.
*Understand that this post is just an internal analysis not an investment reference or investment advice or invitation to sell or buy, we from Crypto Academy are not affiliated or invested in any of the projects presented. This post is purely for internal analysis.*
**Data source: Crypto Quant.**
