CleanSpark increased its Bitcoin holdings despite selling most of February’s 
mined coins. Bitcoin (BTC) miner CleanSpark reported a solid production update 
for February, underscoring how listed miners are navigating a higher price 
environment by both monetizing output and building balance-sheet…

CleanSpark ups mined BTC while selling into strength

Data shows the Bitcoin Coinbase Premium Gap spiked as the asset rallied toward 
$74,000, a potential sign that the platform&#8217;s institutional users were backing 
the run. Bitcoin&#8217;s Coinbase Premium Gap Shot Up To $61 During The Rally In a 
new thread on X, CryptoQuant community analyst Maartunn has talked about the 
latest BTC rally and what could be behind it. &#8220;Several data points show 
aggressive institutional demand driving the breakout,&#8221; noted Maartunn. One 
such metric is the Coinbase Premium Gap. Related Reading: Bitcoin Historically 
Bottoms Between These MVRV Levels—Where Are They Now? This indicator measures 
the difference between the Bitcoin price listed on Coinbase (USD pair) and 
that on Binance (USDT pair). The metric&#8217;s value essentially tells us about the 
difference in buying/selling behaviors on the two cryptocurrency exchanges. 
Coinbase hosts an American-centric traffic, with institutional entities being 
among its main customers, while Binance is used by traders from around the 
globe. As such, when the Coinbase Premium Gap is positive, it can be a sign 
that the US-based institutions are applying a higher buying pressure (or lower 
selling pressure) than the world users. Earlier, the indicator had a notable 
red value, suggesting that the asset was trading at a discount on Coinbase, 
but recently, it has seen a shift into positive. From the above chart, it&#8217;s 
visible that the Bitcoin Coinbase Premium Gap saw a sharp increase alongside 
the latest BTC price rally, implying that accumulation on Coinbase drove the 
asset to a higher value than the global market. At the peak of this surge in 
the positive territory, the indicator hit a value of $61. &#8220;That means BTC 
traded $61 higher on Coinbase vs other exchanges, a strong signal of U.S. 
institutional buying pressure entering the market,&#8221; explained the analyst. 
Another factor that points toward institutional involvement in the rally is 
Hyblock data. As is visible in the graph below, Hyblock shows a rise in Time- 
Weighted Average Price (TWAP) orders from the $10,000 to $1 million cohort. A 
TWAP order is a trading algorithm that divides a large order into smaller 
pieces, executing them at regular time intervals. &#8220;TWAP orders are typically 
used by large players accumulating without moving the market too 
aggressively,&#8221; said Maartunn. The $10,000 to $1 million cohort purchased $750 
million worth of Bitcoin via such orders alongside the rally. Related Reading: 
Altseason Mentions Hit Extreme Lows: Is Dogecoin About To Benefit? While 
institutions have shown demand, the analyst has warned of a risk brewing below 
the surface: the increasing amount of leverage in derivatives markets. As 
displayed in the chart, the Open Interest, an indicator tracking the total 
amount of derivatives positions, has rapidly gone up for both Bitcoin and the 
altcoins. &#8220;If supportive bids slow down, overleveraged positioning can unwind 
quickly, increasing volatility,&#8221; noted Maartunn. BTC Price At the time of 
writing, Bitcoin is floating around $72,600, up nearly 6% in the last seven 
days. Featured image from Dall-E, chart from TradingView.com

Bitcoin Surge To $74,000 Fueled By US Institutions, Coinbase Premium Signals

Bitcoin price held steady on Thursday as investors focused on the upcoming US 
non-farm payrolls data scheduled for Friday this week. Bitcoin (BTC) token was 
trading at $72,450, up by 20% from its lowest level this year, meaning it has…

Bitcoin price analysis ahead of US non-farm payrolls data

A sharp volatility spike wiped out $471m in crypto derivatives positions in 
one day. Crypto derivatives traders endured another brutal reset as roughly 
$471m in futures positions were liquidated over a 24-hour window, according to 
data. Unlike many prior stress…

Crypto derivatives suffer $471m in 24-hour liquidations

Western Union is moving deeper into blockchain payments with a new stablecoin 
initiative tied to the Solana network. The company has partnered with 
Crossmint to support the rollout of USDPT, a U.S. dollar-denominated 
stablecoin that will operate on the Solana…

Cryptocurrency price in VND