The Coinbase Premium Gap for Bitcoin has fallen to its lowest point in over a year, a move analysts suggest could reflect relatively weak demand on Coinbase trading venues associated with institutional trading. The Coinbase Premium Gap (a measure of the price difference between Bitcoin on Coinbase and Binance) has dropped to its lowest level in over a year. One analyst stated that this move could indicate weakening relative demand on Coinbase-related trading venues (typically associated with institutional trading). The Coinbase Premium is the price difference between the BTC/USD trading pair on Coinbase and the BTC/USDT trading pair on Binance. When a negative value reaches this level, it signifies a decline in the price of Bitcoin.