Bitcoin hovers around $117K, a key metric is catching the eye of market analysts: the Coinbase Premium Gap. This indicator, which measures the price difference between Coinbase Pro (USD pair) and Binance (USDT pair), recently hit a notable +$80, suggesting robust spot demand from U.S. investors. The chart, shared by Maartunn on X, highlights a resurgence in buying pressure, with the premium gap spiking as Bitcoin’s price climbed from $112K to $117K over the past few days. This trend, tracked via CryptoQuant, points to institutional and retail investors piling into Coinbase, a leading U.S.-based exchange.
Historical Role of the Premium Indicator
The premium gap’s upward trajectory is a bullish signal. Historically, a positive gap indicates that U.S. buyers are willing to pay a premium over global averages, often driven by ETF inflows or heightened institutional interest. Recent data from CoinAnk showing $429.9M in Bitcoin ETF inflows on September 30 supports this narrative, aligning with the premium spike. Analysts suggest this could trigger further price surges if the gap holds, though a drop below zero might signal a reversal.
Coinbase is leading this move
— Maartunn (@JA_Maartun) October 1, 2025
The Coinbase Premium Gap is sitting at +$80, showing stronger spot demand compared to other exchanges. pic.twitter.com/JV1fW8SV0J
Outlook Hinges on Premium Gap Momentum
Market participants are debating the drivers behind this move. Some attribute it to spot bids on Coinbase, while others note rising leverage. However, as long as the premium persists, leverage longs appear covered, reducing immediate downside risk. The current price action, combined with renewed ETF demand, suggests Bitcoin’s market structure is strengthening, potentially setting the stage for a sustained rally. All eyes are on whether this Coinbase-led momentum will continue. Traders are advised to monitor the premium gap closely, as it could dictate the next big move in Bitcoin’s volatile journey.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.