• Coinbase Premium Gap positive for 73 days suggests strong U.S. Bitcoin demand

• BTC price rose past $105K corresponding to consistent U.S. institutional buying pressure

• Analysts see sustained premium as a sign of second wave institutional accumulation

The momentum behind Bitcoin (BTC) is underscored by Coinbase Premium Gap remaining positive (maintaining a positive balance) over 1,767 hours, which is close to 73 days (a record in itself). That is the longest run since the onset of the Bitcoin spot ETFs in January 2024.

Coinbase Premium Gap Shows Consistent BTC Interest from the US Market

The Coinbase Premium Gap is used in determining the extent of a price difference between the Bitcoin on Coinbase and the other exchanges around the world. When this figure is above zero, it indicates that US traders are buying BTC at higher prices, and there is a good chance of US buy pressure.

Source: X 

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This trend was pointed out by crypto analyst Maartunn, who marked its persistence over the last two months. Green bars on the graph are the positive values of the premium, and red bars show the negative values. The chart has been green since late April 2025, depicting the continuous U.S. demand.

The blue line that illustrates the BTC price has been steadily going up, too, during the same period. It rose almost above the $105,000 mark confirming investor confidence, after trading below $65,000 previously.

Bullish Momentum In Bitcoin Follows America’s Institutional and Retail Demand

The premium was mainly negative during half of late 2024 and the first months of 2025. It meant that a lesser amount of BTC on U.S. exchanges was demanded relative to others, such as Binance or Bitfinex. However, that has entirely changed with the beginning of the streak.

This persistent premium is an indication of buy pressure, which could be from large funds or large players who have been using Coinbase. It further indicates that Bitcoin is still receiving capital inflow in the U.S.

Analysts often use this premium gap to gauge market sentiment. A consistent positive gap often comes before further price rallies. It also shows U.S. investors are not just watching—they are buying.

The longest positive streak before this came shortly after the approval of U.S. spot Bitcoin ETFs. This previous wave of demand was predominantly driven by ETFs.

However, the existing streak could be an indication of a second phase of accumulation, mostly by retirement accounts or big funds increasing their exposure. Should this direction be sustained, Bitcoin would continue its bullish trend.

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