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Coinbase Whales Behind Bitcoin’s Rally, CryptoQuant CEO Reveals

  • The latest Bitcoin rally saw buying from Coinbase exchange whales, according to CryptoQuant CEO.
  • The Bitcoin Coinbase Premium Index, which indicates the difference in BTC price on Coinbase and Binance, turned positive during the rally.
  • Coinbase's US-based investors, including large institutional traders, contributed to the buying pressure on the platform.
  • The positive spike in the Bitcoin Coinbase Premium Index coincided with the price recovery above $94,000.

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