US Investors Show Strong Bitcoin Demand as Coinbase Premium Widens
Bitcoin prices on Coinbase are trading at a **$300 premium** compared to Binance, indicating substantial demand from US investors. This trend aligns with several key developments:
- Bitcoin holdings on exchanges have hit a 4-year low
- Wall Street banks report continued BTC accumulation by wealth management clients
- Mining operations are becoming targets for M&A activity
The persistent Coinbase premium, coupled with institutional involvement, suggests growing mainstream adoption in the American market.
*Key context*: Major financial institutions including Goldman Sachs, Bank of America, and Morgan Stanley have reported increased bitcoin trading activity through spot ETFs in Q3 2024.