Nothing goes unnoticed in the world of market and on-chain data. This time, I visualized the Coinbase Premium Gap and highlighted when MicroStrategy announced their Bitcoin purchases.
These announcements consistently occur on Mondays, right after the Coinbase Premium Gap spikes significantly. The purchases are typically announced at exactly 14:04 each Monday, and in the hours and days leading up to these announcements, the Coinbase Premium Gap experiences a sharp increase.
The extent of the Coinbase Premium Gap's rise can even provide a rough estimate of how much Bitcoin MicroStrategy has acquired. For example, on December 2nd, they made a purchase of $1.47 billion, acquiring 15,400 BTC. Interestingly, this was the smallest purchase, and even the Coinbase Premium Gap was lower during that period.
This is a perfect example of how data can reveal when a major entity is buying. Be sure to leverage this data!
Written by maartunn
