#Coinbase Premium Correction#
Hot Topic Overview
Overview
The Coinbase premium has turned positive, suggesting that US investors are renewing their buying interest ahead of Trump's inauguration. Previously, the Coinbase premium had been languishing, even turning into a discount, suggesting a lack of interest from US investors. In November and December 2024, Bitcoin surged from $70,000 to over $108,000, largely driven by US investors, with Coinbase consistently showing a premium. Now, the Coinbase premium has turned positive, and it is expected that domestic traders are waiting to see if Trump will deliver on his promises.
Ace Hot Topic Analysis
Analysis
The Coinbase premium has turned positive, indicating renewed buying interest from US investors ahead of Trump’s inauguration. Previously, the Coinbase premium had been subdued, reflecting a lack of interest and demand from US investors. However, as Trump’s inauguration drew closer, US investor buying interest in Bitcoin reignited, leading to higher prices on Coinbase than on other exchanges such as Binance, resulting in a positive premium. This phenomenon resembles the Bitcoin price surge between November and December 2024 when US investors drove Bitcoin prices from $70,000 to above $108,000, leading to a sustained Coinbase premium. However, currently, the Coinbase premium has not exhibited similar bullish pricing, suggesting that domestic US traders are waiting to see whether Trump will deliver on his promises.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Coinbase premium correction indicates renewed buying interest from US investors ahead of Trump's inauguration.
The Coinbase premium indicator mainly measures the price difference between Bitcoin on Coinbase and Binance, which can reflect the interest and demand of US investors.
The disappearance of the Coinbase premium indicates a lack of interest from US investors and low demand.
The Coinbase premium persisted from November to December 2024, indicating that US investors drove up the price of Bitcoin.