【Learn an indicator every day】- Coinbase Bitcoin Premium Index

The Coinbase Bitcoin Premium Index is an indicator that measures the percentage difference between the Bitcoin price on Coinbase Pro (USD pair) and the price on Binance (USDT trading pair).

Coinbase is a popular cryptocurrency exchange among US investors (especially large institutions), while Binance has a more global user base.

This means that the difference between BTC prices on the two platforms can hint at whether US investors are exerting more buying pressure on the market than global investors.