Key points:
Whales on Binance joins Coinbase in adding BTC exposure as Bitcoin recovers above $90,000.
The Coinbase premium is back in the green amid a broad risk-asset relief rally.
Resistance attributed to an entity dubbed “Spoofy the Whale” at $90,000 disappears.
Bitcoin (BTC) has fresh whale buying pressure across major exchanges as large-volume investors boost BTC price gains.
New data from onchain analytics platform CryptoQuant reports both Binance and Coinbase whales “pushing the market up.”
Coinbase BTC premium hits highest since February
Bitcoin whales are wasting no time adding BTC exposure as BTC/USD hits its highest levels in over six weeks.
This is reflected in market data, including the so-called Coinbase premium — the difference in pricing between the BTC/USD pair on the largest US exchange, Coinbase, and Binance’s BTC/USDT equivalent.
A positive premium indicates US buyer interest,