Bitcoin’s (BTC) Coinbase Premium indicator, which measures the spread between BTC’s dollar-denominated price on Coinbase Exchange and Tether-Denominated Binance price, has turned negatively for the first time since February 3rd crash, according to Data Source Coinglass.
It is a sign that dealers over the Nasdaq-Børsnoteer exchange have been cautious ahead of Wednesday’s US CPI release, and their offshore colleagues have led the price recovery from low night over $ 94,900 to $ 96,000.
Historically, Bull Runs has been marked by awards that deal with a prize on coinbase, indicating strong leadership from US investors. The prize rose to two months heights in early November, as BTC rose into its then non-carded territory over $ 70,000.