
Over on X (formerly Twitter, because why not rename everything?), CryptoQuant’s Maartunn spilled the beans on this latest rally. “Institutions are buying Bitcoin like it’s going out of style,” they quipped, pointing to the Coinbase Premium Gap as Exhibit A. This nifty metric measures the price difference between Bitcoin on Coinbase (where the suits hang out) and Binance (where the rest of the world trades). When it’s positive, it’s like a neon sign flashing, “Institutions are here, and they’re feeling spendy.”