Bitcoin And Ethereum Coinbase Premium Remains Positive For 7 Weeks — Here’s Why

The cryptocurrency market, particularly Bitcoin and Ethereum, has performed well in the second quarter of 2025, contrasting with the first quarter's performance. Bitcoin reached a new all-time high above $111,000, while Ethereum reclaimed the $2,000 mark in early May. Despite market uncertainty due to escalating tensions between Israel and Iran, Bitcoin and Ethereum have managed to stay afloat. According to on-chain analyst Burak Kesmeci, US investors have been active in the market over the past few weeks, correlating with the prices withstanding bearish pressure. The Coinbase Premium Index, which tracks the difference between crypto prices on Coinbase and Binance, reflects the sentiment of US institutional entities compared to global exchanges. A positive value on the index implies increasing demand from US investors, while a negative value signals decreasing demand. The index has been in the positive territory since May 9, 2024, suggesting high buying activity from US institutional investors despite geopolitical tensions. Kesmeci believes that US investors' activity is why Bitcoin and Ethereum prices have been able to weather the storm. As of now, the price of BTC stands at around $107,100, and the Ether token is valued at around $2,420, with minimal price movement in the past 24 hours. The on-chain analyst attributes the stability of Bitcoin and Ethereum prices to the continued heavy purchases by US institutional investors through Coinbase.