Bitcoin Reclaims $63,000 As Institutional Buyers Return On Coinbase

Quick Summary:

Data shows the Bitcoin Coinbase Premium Gap has turned positive recently, a sign that institutional entities have started buying the asset again.

As such, the Coinbase Premium Gap can be considered to reflect how the American whales differ in behavior from the rest of the investors.

As pointed out by an analyst in a CryptoQuant Quicktake post, the Coinbase Premium Gap, which had negative values just earlier, has switched back to positive recently.

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Article Details

Author / Journalist: Keshav Verma

Category: Crypto

Markets: Hungary

Topics: Bitcoin Institutional Investors Btc Bitcoin Bullish Bitcoin Coinbase Premium Bitcoin Bitcoin Rally Bitcoin Reclaim Bitcoin News Coinbase Bitcoin buying

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-15 @ 17:30:13 (1 days ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 432 words

Reading Time: 3 minutes read

Sentences: 27 lines

Sentence Length: 16 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 21634352

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Official Website: bitcoinist.com

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News Last Updated: 8 hours ago

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