BTC Regardless of Saylor's recent 2B buy and some other large buyers, there's still a slight Coinbase Spot Discount. ETFs have been relatively flat in recent weeks. To get some positive momentum back into this market you ideally want Coinbase's Spot price to start leading again, showing strong demand from US investors/ETFs. This is generally a lagging "indicator" but can be useful to watch when the market is trending as it can indicate strength or weakness.