Bitcoin Surges Past $90,000 as Coinbase Premium Gap Signals Investor Interest

Bitcoin’s price has recently surged past $90,000 after struggling below that level for two months, driven by a positive Coinbase Premium Gap, which indicates strong interest from US investors, particularly in Bitcoin ETFs. This indicates that institutional players are willing to pay premiums, often correlating with future price increases, leading analysts to speculate about a potential bullish trend returning for Bitcoin.

In a noteworthy development for Bitcoin enthusiasts, the cryptocurrency has surged past the $90,000 mark, showcasing its remarkable performance over the past week — actually pushing up more than double digits, without a doubt one of its best showings in 2025 so far. After two months of trading below $87,000, this rise comes with both excitement and uncertainties, prompting questions about whether this is a true bullish trend or just a fleeting moment.

Recent on-chain data indicates an uptick in investor sentiment, which suggests that we could indeed be witnessing the resurgence of a Bitcoin bull run. A crypto analyst known as Maartunn provided insights on this latest price rally, proposing that the rising interest from exchange-traded fund (ETF) investors has played a crucial role in this recent momentum. He posted these observations on the X platform on April 25, highlighting a growing trend that could be significant for Bitcoin.

The key indicator to watch here is the Coinbase Premium Gap. This metric essentially measures the price discrepancy between Bitcoin on Coinbase Pro in the US and on the global Binance exchange. When the gap is positive, it denotes that Bitcoin is trading at a higher value on Coinbase than on Binance. A favourable Coinbase Premium Gap generally suggests that US investors, particularly through ETF issuers that use Coinbase for liquidity, are chasing after Bitcoin in a significant way.

According to data from CryptoQuant, the 30-hour moving average of this indicator has remained positive for an impressive stretch of over 265 hours, marking roughly 11 continuous days. This is noteworthy because it falls within the fifth-longest streak since spot Bitcoin ETFs began trading back in January 2024. Such a persistent positive gap hints that institutional players in the US are likely paying a premium to acquire Bitcoin, especially through regulated pathways like ETFs.

Historical trends reveal a correlation between a strong Coinbase Premium Gap and subsequent price increases or accumulation phases for Bitcoin. Thus, the current positive streak may provide the momentum necessary to propel Bitcoin’s bullish trajectory forward, potentially triggering the next significant price breakout.

As it stands, Bitcoin is trading above $95,000 for the first time since February, showing a 2% rise in just the past 24 hours alone. Over the past week, its value has increased by more than 13%, according to CoinGecko metrics.

In conclusion, while excitement builds over Bitcoin’s performance, the trajectory remains to be seen. Up and down— that’s the nature of the crypto space. Opeyemi, the author of this piece, is immersed in the world of cryptocurrency, continually learning and sharing insights to help others navigate this complex and ever-changing market. He embraces the challenges of this industry while enjoying the rich lore and many narratives surrounding it.