Data from CryptoQuant indicates that institutional investors are significantly contributing to Bitcoin's recent rise above the $100,000 mark. This surge is evident from the positive movements in the "Coinbase Premium Index."
CryptoQuant, an on-chain analytics firm, has highlighted this trend in a recent post, emphasizing the role of institutional investors in driving the cryptocurrency market.
The Coinbase Premium Index is a measure that tracks Bitcoin's premium on Coinbase, a platform popular among institutional traders, compared to other exchanges, showing heightened institutional activity.