Bitcoin’s price has surged over double digits in the past week, putting it on track for one of its best performances in 2025. The flagship cryptocurrency, which had struggled under $87,000 for two months, finally broke above $90,000.
While the recent surge is unclear as a signal for the bull cycle, on-chain data suggests investor sentiment may be turning positive again. A crypto analyst, Maartunn, pointed to the growing appetite of exchange-traded fund (ETF) investors in contributing to the Bitcoin price rally.
The Coinbase Premium Gap, which tracks US-based and global Binance prices, is a key indicator. When this gap is positive, it indicates that US-based investors are purchasing Bitcoin aggressively through ETF issuers using Coinbase as a liquidity provider. The 30-hour moving average of this metric has stayed positive for over 11 days, historically correlated with positive price action and accumulation phases.
Bitcoin’s price has climbed above $95,000 for the first time since February, reflecting a 2% increase in the past 24 hours. CoinGecko data shows the premier cryptocurrency has surged by more than 13% in the past seven days.
Source: https://www.newsbtc.com/news/bitcoin/bitcoin_coinbase-gap-positive-meaning-price