Analysis: The "Coinbase Premium" of Bitcoin has weakened, indicating a lack of interest from American investors

ChainCatcher message, CryptoQuant data shows that compared to Binance, BTC is trading at a slight discount on Coinbase, and the "Coinbase premium" remaining subdued indicates a lack of interest and low demand from U.S. investors.

The Coinbase premium indicator primarily measures the price difference of Bitcoin between Coinbase and Binance. From November to December 2024, Bitcoin surged from $70,000 to over $108,000, mainly driven by U.S. investors, as evidenced by the continuous premium on Coinbase during that period. Despite expectations of significant positive developments in the U.S., there has not yet been a similar bullish pricing on Coinbase at this stage, suggesting that domestic traders are waiting to see if Trump will deliver on his promises.