Bitcoin's Coinbase premium just posted its strongest bullish signal since October's record price of $126,000

Bitcoin's Coinbase premium has remained positive for 14 consecutive days, marking the longest bullish streak since the cryptocurrency's record price of $126,000 in October. This indicator, closely watched for signs of U.S. investor and institutional buying, suggests that U.S. buyers are actively purchasing Bitcoin when the Coinbase premium is positive relative to offshore exchanges like Binance. The sustained positive premium, from April 9 to April 22, indicates strong demand despite geopolitical events and DeFi challenges, coinciding with Bitcoin's recent rally above $78,000 and a 14% month-to-date gain. This strong U.S. demand is historically a characteristic of bull runs, contrasting with the negative premium observed from December to February when Bitcoin's price dropped significantly.

(Source：CoinDesk)