Premium Indicator Shows Positive Signs
Recent data shows the price gap between Coinbase Advanced and major global platforms has returned to a positive range, reaching $10.18. This marks the third time in 2024 that the indicator has turned positive, suggesting early signs of a shift in market sentiment despite the modest level.
Institutional Demand Rises While Retail Remains Active
Coinbase Advanced primarily serves professional investors, making it a key barometer for institutional fund flows. In contrast, another leading platform continues to dominate among retail investors, maintaining significant market liquidity and user engagement.
Post-Adjustment Appeal on the Rise
Since the beginning of February, during Bitcoin’s corrective phase, this premium has been gradually recovering. Its return to positive territory indicates that the current price level is becoming more appealing to professional investors, though caution remains prevalent across the market.
Watch for Potential Reversals
While the current rebound is seen as a positive development, analysts caution that the premium could slip back into negative territory. A sustained increase would be necessary to confirm a real shift in investor behavior and broader market trends.