Bitcoin $86,276.49 +2.23%
Ethereum $1,648.68 -0.52%
BNB $589.54 +0.05%
Optimism $0.66 -0.84%
Arbitrum $0.29 -2.56%
Solana $133.96 +1.60%
Polygon $0.22 +2.77%
Cosmos $4.16 -0.11%
Avalanche $20.20 -0.35%

Bitcoin $86,276.49 +2.23%
Ethereum $1,648.68 -0.52%
BNB $589.54 +0.05%
Optimism $0.66 -0.84%
Arbitrum $0.29 -2.56%
Solana $133.96 +1.60%
Polygon $0.22 +2.77%
Cosmos $4.16 -0.11%
Avalanche $20.20 -0.35%

CryptoQuant: Bitcoin trades at discount on Coinbase, could indicate weakening demand from U.S. investors

03/19 08:13

Wechat scan to share

Bitcoin recently rebounded to a new historical high, but the market dynamics have changed, indicating a weakening demand in the United States. According to data tracked by CryptoQuant, the seven-day moving average of the Coinbase Premium indicator has turned negative. This indicator tracks the difference in Bitcoin prices between Coinbase and Binance.

In other words, Bitcoin is now trading at a discount on Coinbase, which is the custodian of 8 of the 11 Bitcoin spot ETFs launched in the United States two months ago. This development may reflect a relatively weak net buying interest among US investors. (CoinDesk)

Comments

All Comments

Recommended for you

04/15 13:51

The ZKSync network has seen abnormal minting of 110 million tokens, of which about 66 million tokens have been sold continuously

On April 15th, it was reported that there was abnormal minting of 110 million tokens on the ZKSync network, with approximately 66 million tokens already being continuously sold. According to token unlocking information, tokens belonging to the team and investors are still in a locked state. The official response on Discord stated that the team has been notified and an investigation is ongoing. There have been no further official statements at this time. Users are advised to closely follow official channels and handle related token transactions with caution.
04/15 13:46

BTC breaks through $86,000

the market shows that BTC has broken through $86,000 and is now trading at $86,035.03, with a 24-hour increase of 1.63%. The market is highly volatile, so please manage your risks carefully.
04/15 13:34

Canada will grant a temporary six-month tariff exemption on goods imported from the U.S. for use in manufacturing, etc.

the Canadian Department of Finance announced that Canada will grant a temporary tariff exemption of six months to goods imported from the United States for manufacturing, processing, as well as food and beverage packaging.
04/15 08:20

Executive Director of Trump’s Digital Asset Advisory Committee: The significance of Bitcoin strategic reserves lies in the recognition of BTC’s value

Bo Hines, Executive Director of the Trump Digital Asset Advisory Committee, posted his interview on X platform, explaining the importance of the US Bitcoin strategic reserve. He stated that Trump's launch of the Bitcoin strategic reserve is to accumulate assets for the American people rather than plundering assets. At the same time, the significance of the Bitcoin strategic reserve lies in recognizing the value of BTC. Since the quantity of Bitcoin is limited, the Bitcoin strategic reserve may trigger a global competition for asset accumulation.
cointelegraph · 04/15 01:51

Mantra CEO says OM token recovery ‘primary concern’ but in early stages

Mantra CEO John Mullin has denied insider dumping and outlined plans for OM token recovery and ecosystem support after the token’s collapse, which could include buybacks.
04/14 18:08

BTC breaks through $85,000

the market shows that BTC has broken through $85,000, now trading at $85,032, with a 24-hour increase of 0.38%. The market is volatile, please manage your risks carefully.
Stephen Moore · 04/14 08:09

Vitalik Buterin says the app layer needs ‘good social philosophy’ most

Ethereum's co-founder pointed to Railgun and Polymarket as examples of apps with a good social philosophy, while Pump.fun and FTX are examples of bad social philosophy.
EMC Labs · 04/14 07:08

The “reciprocal tariff war” has entered its second phase, and global risk assets have begun to bottom out (04.07~04.13)

The main points of observation are whether the subsequent "reciprocal tariffs" will escalate conflicts, whether the Federal Reserve will cut interest rates "in a timely manner", and whether the US economy will fall into recession.
Crypto Daily · 04/14 07:08

M3 DAO and MetaMars Join Forces to Deepen Their Engagement in the Turkish Market, Promoting Ecological Development with Millions of KOLs

M3 DAO and MetaMars: Utilizing KOLs to Forge a New Journey in Turkey
EMC Labs · 04/14 07:08

"Reciprocal tariffs" caused the Nasdaq to fall into a technical bear market, and BTC once again stepped back on the annual line. The market expects the probability of a rate cut in June to exceed 90%.

The short-hand group is currently still under pressure of 16% floating losses, and the collapse of this group will lead to further price falls.

Daily Must-Read

CointimeSG· 04/11 09:02

Ethereum crashed in Q1. Could May’s Pectra upgrade bring it back?
CointimeSG· 04/11 05:03

Contrarian Take: How Stablecoins' Disruption of Money Creation Stands in its way to Mass Adoption
Jesse Hamilton· 04/10 02:44

Atkins Confirmed By U.S. Senate to Take Over SEC Formerly Run by Gensler
CointimeSG· 04/09 00:33

Time to move on: CT breakup guide
Coindesk· 04/08 04:51

Why Trump's Tariffs Could Actually Be Good for Bitcoin
Krisztian Sandor· 04/07 21:48

Ripple, BCG Project $18.9T Tokenized Asset Market by 2033

Popular Activities

Delysium $AGI & AI Private Yacht Party

March 27 - March 27

Seoul

Popular Tags

Recently Searched

Hot Coins

Recently Searched

Hot Coins

Trending

Daily Must-Read

Welcome Back

Join CoinTime

Sign in with email

Sign up with email

Check your inbox

CryptoQuant: Bitcoin trades at discount on Coinbase, could indicate weakening demand from U.S. investors

All Comments

Recommended for you

The ZKSync network has seen abnormal minting of 110 million tokens, of which about 66 million tokens have been sold continuously

BTC breaks through $86,000

Canada will grant a temporary six-month tariff exemption on goods imported from the U.S. for use in manufacturing, etc.

Executive Director of Trump’s Digital Asset Advisory Committee: The significance of Bitcoin strategic reserves lies in the recognition of BTC’s value

Mantra CEO says OM token recovery ‘primary concern’ but in early stages

BTC breaks through $85,000

Vitalik Buterin says the app layer needs ‘good social philosophy’ most

The “reciprocal tariff war” has entered its second phase, and global risk assets have begun to bottom out (04.07~04.13)

M3 DAO and MetaMars Join Forces to Deepen Their Engagement in the Turkish Market, Promoting Ecological Development with Millions of KOLs

"Reciprocal tariffs" caused the Nasdaq to fall into a technical bear market, and BTC once again stepped back on the annual line. The market expects the probability of a rate cut in June to exceed 90%.

Daily Must-Read

Ethereum crashed in Q1. Could May’s Pectra upgrade bring it back?

Contrarian Take: How Stablecoins' Disruption of Money Creation Stands in its way to Mass Adoption

Atkins Confirmed By U.S. Senate to Take Over SEC Formerly Run by Gensler

Time to move on: CT breakup guide

Why Trump's Tariffs Could Actually Be Good for Bitcoin

Ripple, BCG Project $18.9T Tokenized Asset Market by 2033

Popular Activities

Delysium $AGI & AI Private Yacht Party

Popular Tags

Share

Recently Searched

Hot Coins

Trending

Daily Must-Read