Buying pressure from U.S. institutional investors rose sharply on Thursday after Bitcoin (CRYPTO: BTC) corrected from its recent highs.
Bitcoin’s Spot Buying Pressure Surges
In an X post, cryptocurrency analyst J.A. Maartun highlighted a sharp increase in Bitcoin’s Coinbase Premium Gap, a barometer of Bitcoin’s institutional interest in the U.S.
As of this writing, the Coinbase Premium has climbed to 94.7, according to on-chain analytics firm CryptoQuant.