Bitcoin Hits ATH, Prices Differ on Coinbase & Binance

1. Bitcoin Surpasses $112,000, Exchange Price Gaps Widen

Bitcoin has reached a new all-time high of $112,014, according to CryptoQuant data. Notably, the price on Coinbase is about $42 higher than on Binance, a phenomenon known as the "Coinbase premium". Last week, this gap peaked at $87.76, indicating strong buying pressure from U.S. investors.

2. "Coinbase Premium" – Indicator of U.S. Investor Demand

A positive price difference between Coinbase and other exchanges is often seen as a sign of strong buying pressure from the U.S. market. Analysts from CryptoQuant suggest that when the "Coinbase premium" remains high, Bitcoin's upward trend is likely to continue.

3. Institutional Investors Driving Bitcoin's Rally

It's not just retail investors; major U.S. financial institutions are also actively purchasing Bitcoin. In Q2, approximately 159,000 BTC were quietly accumulated by large entities, contributing to the price surge.