- Whale buying activity on Binance and Coinbase triggered Bitcoin’s reversal, driving a 10 percent surge from April 19 to April 25.
- The Coinbase Premium Gap stayed firmly positive during Bitcoin’s rally, signaling strong U.S. demand and structural market strength.
- Persistent positive premium trends suggest that institutional buying could continue fueling Bitcoin’s next leg upward despite volatility.
Bitcoin has shown clear signs of a trend reversal since April 21, with whale activity leading the momentum shift. CryptoQuant data reveals that whale buying on Binance consistently preceded Bitcoin rebounds. Moreover, whales on U.S.-based Coinbase quickly followed, adding to the growing bullish sentiment. Consequently, the Coinbase Premium Gap has remained firmly in positive territory. This steady premium suggests strong demand from U.S. investors and highlights limited corrective resistance. Besides, Bitcoin’s price climbed nearly 10% from April 19 to April 25, indicating a significant structural change rather than just short-term rallies.
Whale Activity Drives Sentiment Shift
Whale buying behavior has become a notable catalyst behind Bitcoin’s latest uptrend. Initially, from April 19 to early April 20, Bitcoin struggled near $85,000 as the premium gap stayed negative. However, conditions changed sharply on April 21. A large spike in the premium gap occurred, reaching around 150, as Bitcoin broke above $87,000.
Additionally, a second and stronger surge came on April 22, pushing the premium gap to 175. Bitcoin responded by crossing the $90,000 threshold. The premium gap’s positive movement consistently aligned with price surges. This pattern highlights the key role of institutional investors, especially on Coinbase.
Premium Gap Stability Signals Stronger Structure
Moreover, from April 21 onward, the Coinbase Premium Gap formed a positive trend line. Green circles on CryptoQuant’s data show bottom points, showing where the premium rebounded after brief dips. Besides, even as Bitcoin consolidated between $92,000 and $94,000, the premium gap remained positive.
Currently, the premium sits at 53.1, signaling persistent demand from U.S. buyers. Bitcoin’s price stability at higher levels reflects deeper market strength rather than temporary speculation. The premium gap oscillated between 25 and 75 during consolidation, further confirming resilient sentiment.
However, Bitcoin’s rapid surge faces natural volatility risks. Yet, the consistent premium readings imply that buying pressure could continue supporting the next leg upward. Moreover, the correlation between premium shifts and price actions makes the Coinbase Premium a crucial indicator.
