Bitcoin’s Coinbase Premium Has Been Negative for 60 Days – Why It Matters

The primary cryptocurrency has traded at a varying but consistent discount on Coinbase compared to Binance for roughly two months, highlighting a lack of US spot demand. On one side, this is considered bearish as the US is arguably the largest market by a long shot. On the other, though, it’s rather positive for BTC that it has maintained key price levels even without its strongest buying ally. Coinbase Premium…