Darkfost
๐ Institutions and whales keep accumulating BTC.
Make no mistake, whales and institutions are still accumulating BTC today. Since the beginning of this cycle, weโve seen back-and-forth movements, which is normal, but since April the Coinbase Premium Index has been almost exclusively positive. ๐กThis indicator is designed to gauge the behavioral differences between US-based institutions and whales trading on Coinbase Pro, versus other investors using platforms like Binance. By comparing the price difference between the two, it helps determine whether buying pressure is coming more from whales and institutions that benefit from the services offered on Coinbase Pro. It's worth noting that, since the approval of US Spot ETFs, Coinbase has become the main custody and pricing partner for several funds (BlackRock, Fidelity, etc.). Therefore, a positive premium also reflects institutional demand through these channels, not just from whales. ๐ Today, accumulation continues. Itโs worth noting that a lot is happening in the US in favor of crypto ecosystem development and adoption. That said, caution is needed, we all know what happens when market euphoria takes over.