Bitcoin has made a recovery, surpassing the $68,000 price level once again. This rise appears to be influenced by certain dynamics in the market, particularly on exchanges like Coinbase.
An analyst has highlighted that the Coinbase Premium Gap, which typically signals institutional interest, has recently been declining in the midst of this price surge.
The decline in the Coinbase Premium Gap suggests that although the price is rising, significant buying pressure might not be from institutional investors on Coinbase, but potentially from other sources or exchanges.
This development has led to speculation on what is propelling this upward movement of Bitcoin's value, as traders and investors try to decipher market signals.
