Bitcoin’s Coinbase Premium Has Been Negative for 60 Days – Why It Matters
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Bitcoin has traded at a consistent discount on Coinbase versus Binance for roughly two months, reflecting weak US spot demand and softer CEX inflows. While this is bearish given the US's market importance, BTC holding key price levels without its strongest US buyers highlights crypto resilience and could affect DeFi activity, token launches, fundraising and broader adoption.
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The primary cryptocurrency has traded at a varying but consistent discount on Coinbase compared to Binance for roughly two months, highlighting a lack of US spot demand.
On one side, this is considered bearish as the US is arguably the largest market by a long shot. On the other, though, it’s rather positive for BTC that it has maintained key price levels even without its strongest buying ally.
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