#onchain

🐃 CryptoQuant: Bitcoin's re-accumulation phase – BTC reserves on Binance have begun to rapidly decline.

The Coinbase Premium Index has returned to positive territory as US investors have begun actively buying BTC.

The Coinbase Premium Gap is an indicator that shows the difference between the BTC price on the US exchange Coinbase and the price on international exchanges (such as Binance). It reflects demand from US investors: when the indicator is positive, BTC on Coinbase is trading at a higher price, indicating increased buying activity in the US.