Bitcoin's 'Coinbase premium' just posted its longest bullish streak since October's record high of $126,000

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Bitcoin's 'Coinbase premium' just posted its longest bullish streak since October's record high of $126,000 Bitcoin's Coinbase premium has been positive for 14 straight days, the longest bullish streak since BTC hit its all time high of $126,000 in October. By Omkar Godbole Apr 22, 2026, 6:24 a.m. Make preferred on BTC's Coinbase premium flashes green for 14th straight day. (Unsplash, Kanchanara) What to know : Bitcoin's Coinbase premium has been positive for 14 straight days, the longest bullish streak since October 2025. The persistent positive reading points to a relatively stronger buying from U.S. investors. There is a popular indicator that crypto pundits watch closely for cues on whether U.S.-based investors, especially institutions, are actually buying bitcoin BTC $ 77,981.39 or sitting on sidelines watching the market. It is called the Coinbase premium index and as of now it is flashing the most sustained bullish signal since bitcoin traded at record highs above $126,000 in October. This index has been positive for 14 consecutive days, from April 9 through today, April 22, according to data source Coinglass. That is the longest unbroken stretch of positive readings since October. Bitcoin's Coinbase premium. (Coinglass) Here is why it matters The Nasdaq-listed Coinbase is the go-to-exchange for U.S. institutions – corporate treasuries, hedge funds and regulated alternative investment vehicles such as the ETFs. So, when bitcoin's price trades at a premium on Coinbase relative to prices on offshore giant Binance, it means U.S. buyers are being aggressive in purchasing BTC. Historically, strong buying from U.S. investors has been a feature of bull runs . The opposite, a negative premium or discount, signals that U.S. demand is lagging while offshore markets do the heavy lifting. For context, the premium was mostly negative from mid December to late February. During that time, BTC fell from roughly $100,000 to nearly $60,000. The latest stretch of positive readings is all the more important as it shows sustained demand through geopolitical noise, DeFi crisis. It's no surprise that bitcoin is rallying. The cryptocurrency topped $78,000 on Wednesday, taking the month-to-date gain to 14%. Bitcoin News More For You Bitcoin climbs to $78,100 on Trump ceasefire extension, Strategy's $2.5 billion buy By Shaurya Malwa 1 hour ago Bitcoin traded at $77,541 on Wednesday morning, up 2.2% over 24 hours and 4.3% on the week, after Trump extended the Iran ceasefire and Strategy disclosed its largest BTC purchase in 17 months. What to know : Bitcoin climbed to about $77,500 as traders reacted to President Trump's decision to extend the Iran cease-fire and to Strategy's $2.54 billion purchase of 34,164 bitcoins, its largest buy since 2024. The new acquisition lifts Strategy's holdings to 815,061 bitcoins, putting the position modestly in profit and coinciding with $1.4... Read full story Latest Crypto News Bitcoin climbs to $78,100 on Trump ceasefire extension, Strategy's $2.5 billion buy 1 hour ago Tron's Justin Sun sues Trump-linked World Liberty Financial over frozen assets 1 hour ago Chinese crypto mogul Li Lin’s private trading arm is set to move into a Hong Kong-listed wealth firm 1 hour ago Crypto's great hope in Senate's Clarity Act still has a path to survive tight calendar 7 hours ago Inside the hunt for Satoshi: Filmmakers chase crypto’s biggest mystery 8 hours ago New York sues Coinbase, Gemini over prediction market offerings 9 hours ago Top Stories Bitcoin slides toward $75,000 amid Warsh hearing, stalling U.S.-Iran talks 12 hours ago Strategy overtakes BlackRock IBIT in bitcoin holdings after bear market buying 20 hours ago Crypto's massive exploit may force big banks to rethink their blockchain plans, Jefferies warns 11 hours ago Kalshi takes on Coinbase, Robinhood with new plan to offer crypto perpetual futures: The Information 12 hours ago North Korea’s crypto heist playbook is expanding and DeFi keeps getting hit Apr 20, 2026 Aave’s core markets hit 100% utilization at once, and that's not a good thing 14 hours ago In this article BTC BTC $ 77,944.86 ◢ 2.56 %