US Institutions Resume Bitcoin Buying As Coinbase Premium Flips Green

TL;DR:

Data shows the Bitcoin Coinbase Premium Gap has turned positive, a sign that American whales have been buying alongside the price surge. Bitcoin Coinbase Premium Gap Has Surged Recently As pointed out by CryptoQuant author IT Tech in an X post, the Coinbase Premium Gap has observed a shift as BTC’s...

Key Points:

Background:

Crypto whales are individuals or entities that hold large amounts of cryptocurrency. Their trading activities and wallet movements are closely monitored by the community because they can significantly influence market prices and trading patterns.

Why It Matters:

Whale movements often precede major market moves and can indicate institutional positioning or upcoming developments. Tracking whale activity helps traders and analysts understand market sentiment and potential price action, making it a crucial aspect of on-chain analysis.