COINOTAG News reported on January 17th that recent data from CryptoQuant reveals Bitcoin (BTC) is currently trading at a minor discount on Coinbase compared to Binance. This persisting low Coinbase Premium is indicative of dwindling interest and demand from U.S. investors. The Coinbase Premium Indicator primarily assesses the price divergence of Bitcoin between these two cryptocurrency exchanges. Notably, during the surge from November to December 2024, BTC soared from $70,000 to over $108,000, largely fueled by investor enthusiasm in the U.S., highlighted by a sustained premium during that time. However, despite anticipated positive movements in the U.S. regulatory landscape, Coinbase has not witnessed a similar bullish trend in pricing recently. This suggests that domestic traders may be exercising caution, awaiting potential policy commitments from prominent figures such as Donald Trump.
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