Data from CryptoQuant reveals that the Bitcoin Coinbase Premium Gap has remained positive for 25 consecutive days, marking the longest such streak since October 2025. This sustained trend is a strong indicator of returning demand from American institutional traders, who predominantly use the Coinbase platform.
The Coinbase Premium Gap measures the price difference between Bitcoin listed on Coinbase (USD pair) and on Binance (USDT pair). A positive value indicates higher buying pressure or lower selling pressure on Coinbase relative to Binance. Analyst Maartunn highlighted that the 30-hour moving average of this metric flipped into positive territory in late February and has been climbing steadily since, correlating with Bitcoin's price recovery from its January highs.
"The Coinbase Premium Gap just logged 25 consecutive days in positive territory, the longest streak since October 2025," noted Maartunn. This institutional activity is significant as Coinbase is a primary gateway for U.S. institutional investors and serves as the custodian for several spot Bitcoin ETFs.
Concurrently, Coinbase has expanded its global derivatives offerings by launching 24/7 stock perpetual futures for major U.S. equities and ETFs. The new product allows global traders to gain leveraged, synthetic exposure to stocks like Apple, Microsoft, and Tesla, as well as ETFs such as SPY and QQQ, with up to 20x leverage. This move advances Coinbase's vision of becoming an "Everything Exchange," unifying crypto and traditional asset trading under one infrastructure with USDC settlement.
While Bitcoin surged above $75,000 earlier in the week, it has since retraced and is currently trading around $70,300.
