Coinbase Premium Drops Negative: Could This Signal Another Bitcoin Price Surge?

A significant shift has occurred in the Coinbase Premium Gap, a key indicator of U.S. investor demand for Bitcoin. This gap, which measures Bitcoin’s price on Coinbase versus offshore exchanges like Binance, has now turned negative, indicating that Bitcoin is trading at a lower price on Coinbase compared to other global exchanges. This trend suggests that enthusiasm for Bitcoin among U.S. buyers may be waning as prices remain stagnant.