Bitcoin Surges 13% to $94,277 as Coinbase Premium Gap Remains Positive

Generated by AI AgentCoin World
Sunday, Apr 27, 2025 2:38 am ET2min read

Bitcoin has experienced a significant rally, gaining 13% over the past week, with its price surging past $94,277. This impressive performance marks one of the strongest price rallies of 2025, following a period of weak trade that lasted for two months. The surge in Bitcoin's value is largely attributed to the sustained optimism surrounding the BTC

Premium , which has remained positive for over 11 days consecutively. This gap indicates that Bitcoin is trading at a premium on Coinbase compared to other platforms like Binance, suggesting strong investor sentiment and a potential continuation of the current upswing.

The BTC Coinbase Premium Gap has become a crucial indicator of US investor sentiment, particularly through exchange-traded funds (ETFs). Data highlights that the premium’s 30-hour moving average has stayed positive for over 265 hours, marking the fifth-longest streak since Bitcoin ETFs were launched in January 2024. This prolonged positive gap underscores persistent institutional demand, as large players are willing to pay a higher price for Bitcoin on regulated platforms like Coinbase. The ongoing price rally and Bitcoin's recovery past $94,000 further suggest a strong undercurrent of accumulation among sophisticated investors.

The positive Bitcoin Coinbase Premium Gap coincides with robust price action on the charts. Bitcoin's recent move past the critical $90,000 psychological level, and now beyond $94,000, illustrates bullish momentum supported by real market data. The price maintains higher lows and stronger trading volumes, with the Bitcoin Coinbase Premium Gap acting as a tailwind. Analysts note that as long as the BTC Coinbase Premium Gap stays positive, the prospects for a Bitcoin price rally remain favorable. However, a sharp drop in the gap could hint at cooling demand, making it crucial for Bitcoin to maintain price support near $90,000 to prevent bearish reversals.

With the BTC Coinbase Premium Gap holding steady, Bitcoin is well-positioned to challenge further resistance levels. Historically, prolonged positive gaps correlate with accumulation phases, suggesting that institutions are confident in Bitcoin’s long-term value. If the Bitcoin price rally maintains momentum, the next test lies near the $97,000 – $100,000 range. Sustaining Bitcoin price support above $90,000 remains crucial to prevent bearish reversals. While the question of whether Bitcoin will sustain gains lingers among market watchers, the ongoing premium at Coinbase signals that bulls have not yet exhausted their strength.

The BTC Coinbase Premium Gap staying positive for over 11 days paints an optimistic outlook. If this trend persists, Bitcoin could continue to climb, riding strong institutional demand waves. However, losing Bitcoin price support near $90,000 might invite selling pressure. The Bitcoin price rally remains contingent on broader market conditions, but the Bitcoin Coinbase Premium Gap gives Bitcoin bulls solid footing. With the market cap now at $1.87 trillion, Bitcoin’s resurgence seems more sustainable at this time, but all eyes remain on whether the Bitcoin Coinbase Premium Gap can hold steady in the coming sessions.

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