Who’s driving the latest surge in #Bitcoin’s value?
The Coinbase premium gap is a telling indicator.
Coinbase leans towards institutional investors, while Binance caters more to retail.
A negative Coinbase premium suggests this rally is retail-driven, which is surprising.
What a load of horse shit!! The largest market, is in, The US. Binance has no retail reach there, so where do you draw your conclusions from🤔?
You have a valid point but if anything I think that points to the fact that this is coming from retail outside the U.S.
Could be from UAE, Ethiopia, and Argentina state-backed mining fomo idk 🤷♂️
Interesting take. I was wondering if it has anything to do with the massive unrealised losses sitting on the balance sheets of America's banks, the massive shadow QE that's going on behind the scenes to pump up the deflating commercial real estate bubble and bail out all the worthless low-interest government bonds that the banks were all essentially forced to buy in 2021. Warren Buffett dumping bank stocks is the symptom, but the FED is the disease.
I'll never forget the feeling of early 2023; FTX being purged and the banks failing just felt so good. I'm ready for round 2 👊
I’m right there with you!
