Binance Whales Driving Up Bitcoin Price: Coinbase Premium Plunges

Recent analysis of Binance’s whale activity suggests a driving force behind Bitcoin’s remarkable rally. Data reveals that the Coinbase Premium, an indicator of imbalance between the BTC/USD and BTC/USDT pairs on major cryptocurrency exchanges, has fallen to record lows, coinciding with the surge in Bitcoin price. Crypto researcher DanCoinInvestor (@DanCoinInvestor) observed this phenomenon on Twitter, highlighting the crucial role played by whales on Binance during this mini-rally. ]