Bitcoin’s Coinbase Premium Indicator Turns Negative
- The Coinbase premium indicator has turned negative for the first time since February 3.
- The indicator measures the price spread between Coinbase and Binance exchanges.
- Bitcoin prices recovered from overnight lows of $94,900 to $96,000.
- Historically, a positive premium on Coinbase indicates strong U.S. investor leadership.
- The premium reached two-month highs in early November when BTC exceeded $70,000.
The negative shift in the Coinbase premium suggests caution among traders ahead of a key economic report, while offshore buyers have driven a price recovery from recent lows. Historically, a positive premium on Coinbase has been associated with bullish trends led by U.S. investors.
Source (2.6)https://www.coindesk.com/markets/2025/02/12/bitcoin-s-coinbase-premium-indicator-shows-overseas-btc-buyers-taking-the-lead-ahead-of-cpi-release?rand=52298
