{"id":12619,"date":"2025-02-12T08:17:44","date_gmt":"2025-02-12T08:17:44","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=12619"},"modified":"2025-02-12T08:17:44","modified_gmt":"2025-02-12T08:17:44","slug":"bitcoins-coinbase-premium-indicator-shows-overseas-btc-buyers-taking-the-lead-ahead-of-cpi-release","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=12619","title":{"rendered":"Bitcoin&#8217;s Coinbase Premium Indicator Shows Overseas BTC Buyers Taking the Lead Ahead of CPI Release"},"content":{"rendered":"<div>\n<p>Bitcoin&#8217;s (BTC) Coinbase premium indicator, which measures the spread between BTC&#8217;s dollar-denominated price on the Coinbase exchange and tether-denominated price on Binance, has flipped negative for the first time since the Feb. 3 crash, according to data source <a href=\"https:\/\/www.coinglass.com\/pro\/i\/coinbase-bitcoin-premium-index\" target=\"_blank\">Coinglass<\/a>. <\/p>\n<p>It&#8217;s a sign that traders over the Nasdaq-listed exchange have turned cautious ahead of Wednesday&#8217;s U.S. <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/02\/12\/bitcoin-may-see-gains-from-soft-u-s-cpi-major-risk-on-surge-in-btc-appears-unlikely\" target=\"_blank\">CPI release<\/a>, and their offshore counterparts have led the price recovery from overnight lows near $94,900 to $96,000. <\/p>\n<p>Historically, bull runs have been <a href=\"https:\/\/www.coindesk.com\/markets\/2024\/11\/06\/bitcoins-coinbase-premium-jumps-to-two-month-high-as-prices-top-71k-amid-trumps-early-lead\" target=\"_blank\">marked by<\/a> prices trading at a premium on Coinbase, indicating strong leadership from U.S. investors. The premium soared to two-month highs in early November as BTC rose into its the-then uncharted territory above $70,000.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin&#8217;s (BTC) Coinbase premium indicator, which measures the spread between BTC&#8217;s dollar-denominated price on the Coinbase exchange and tether-denominated price on Binance, has flipped negative for the first time since the Feb. 3 crash, according to data source Coinglass. It&#8217;s a sign that traders over the Nasdaq-listed exchange have turned cautious ahead of Wednesday&#8217;s U.S. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-12619","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/12619","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12619"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/12619\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12619"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12619"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12619"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}