There has been a notable increase in Bitcoin accumulation among institutional investors, supported by positive Coinbase Premium Gap data and exchange outflows.
Coinbase Premium Gap Indicates Institutional Bitcoin Accumulation
The Coinbase Premium Gap, based on a 30-hour moving average, has shown a positive value for 73 days. This indicates sustained buying activity from institutions on U.S.-regulated venues like Coinbase. A positive premium suggests that Bitcoin is being bought more frequently on Coinbase, potentially indicating institutional demand.
Net Outflows From Coinbase Point to Long-Term Custody
In 2024 and 2025, Coinbase has experienced persistent Bitcoin outflows, indicating that users are withdrawing their assets for long-term storage. These outflows align with the positive Coinbase Premium Gap, reinforcing the hypothesis that institutional players are increasing their activity in regulated markets and moving Bitcoin into custody wallets.
Bitcoin Open Interest Rises While Funding Rates Remain Flat
Bitcoin open interest has risen to nearly $35 billion, indicating an increase in positioning in the derivatives market. At the same time, funding rates remain stable, confirming that current actions are not driven by retail traders, but instead reflect conservative positioning from institutional investors.
Currently, Bitcoin accumulation in the institutional sector is becoming increasingly evident, despite a broader sentiment decline in the market. With low selling pressure and rising open interest, a stable bullish backdrop is being established.
