{"id":89574,"date":"2025-10-03T17:50:00","date_gmt":"2025-10-03T14:50:00","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=89574"},"modified":"2025-10-03T17:53:28","modified_gmt":"2025-10-03T14:53:28","slug":"coinbase-premium-points-to-a-near-term-bitcoin-all-time-high","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/coinbase-premium-points-to-a-near-term-bitcoin-all-time-high\/","title":{"rendered":"Coinbase premium points to a near-term bitcoin all-time high"},"content":{"rendered":"<p>As the first cryptocurrency rallied <a href=\"https:\/\/forklog.com\/en\/news\/bitcoin-hits-121000-as-ethereum-tops-4500\">towards $121,000<\/a>, the Coinbase premium reached $91.86. CryptoQuant analyst Burak Kesmeci <a href=\"https:\/\/cryptoquant.com\/insights\/quicktake\/68debd253272c84398d7256f-Coinbase-Premium-GAP-is-approaching-triple-digits-9186?utm_source=telegram&#038;utm_medium=sns&#038;utm_campaign=quicktake&#038;utm_content=burakkesmeci\">called<\/a> it a signal that bitcoin may soon set a new all-time high.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-0f0daacc72335421-5894399730665529-1024x576.png\" alt=\"image\" class=\"wp-image-266918\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/img-0f0daacc72335421-5894399730665529-1024x576.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/img-0f0daacc72335421-5894399730665529-300x169.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/img-0f0daacc72335421-5894399730665529-768x432.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/img-0f0daacc72335421-5894399730665529.png 1280w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Source: CryptoQuant.<\/figcaption><\/figure>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cOn the hourly time frame it can be seen that the price difference on Coinbase rose to $91.86. This means that American investors are buying the asset on the exchange at a rate $91.86 higher than on Binance. Such a strong positive signal from the U.S. may indicate a potential move towards <span data-descr=\"all-time high\" class=\"old_tooltip\">ATH<\/span>,\u201d he wrote.<\/em><\/p>\n<\/blockquote>\n<p>At the time of writing, digital gold trades around $120,400, up 1% over the past 24 hours.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"603\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-598f6ccb3916bf19-5894439726045655-1024x603.png\" alt=\"image\" class=\"wp-image-266919\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/img-598f6ccb3916bf19-5894439726045655-1024x603.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/img-598f6ccb3916bf19-5894439726045655-300x177.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/img-598f6ccb3916bf19-5894439726045655-768x452.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/img-598f6ccb3916bf19-5894439726045655-1536x905.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/img-598f6ccb3916bf19-5894439726045655.png 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Hourly chart of BTC\/USDT on Binance. Source: <a href=\"https:\/\/ru.tradingview.com\/chart\/?symbol=BINANCE%3ABTCUSDT\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>According to <a href=\"https:\/\/www.coingecko.com\/en\/coins\/bitcoin\">CoinGecko<\/a>, bitcoin is 3% short of setting a new record.<\/p>\n<h2 class=\"wp-block-heading\">ETFs<\/h2>\n<p>U.S. investor activity coincided with steady inflows into spot bitcoin-<a href=\"https:\/\/forklog.com\/en\/news\/what-is-a-cryptocurrency-etf\">ETFs<\/a>. From September 29 to October 2, more than $2.2bn flowed into the products \u2014 the highest since mid-September.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"318\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-9ca3e45e491bcadd-5894453317761564-1024x318.png\" alt=\"image\" class=\"wp-image-266920\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/img-9ca3e45e491bcadd-5894453317761564-1024x318.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/img-9ca3e45e491bcadd-5894453317761564-300x93.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/img-9ca3e45e491bcadd-5894453317761564-768x239.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/img-9ca3e45e491bcadd-5894453317761564-1536x477.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/img-9ca3e45e491bcadd-5894453317761564.png 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Weekly flows for spot bitcoin ETFs. Source: <a href=\"https:\/\/sosovalue.com\/assets\/etf\/Total_Crypto_Spot_ETF_Fund_Flow?page=usBTC\">SoSoValue<\/a>.<\/figcaption><\/figure>\n<p>Cumulative net inflows <a href=\"https:\/\/forklog.com\/en\/news\/sec-approves-launch-of-bitcoin-and-ethereum-based-etf\">since launch<\/a> in January 2024 have neared $60bn. The largest remains BlackRock\u2019s IBIT, which also set a local trading-volume record on October 2.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/search?q=%24GLD&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$GLD<\/a> and <a href=\"https:\/\/twitter.com\/search?q=%24IBIT&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$IBIT<\/a> in the Top 10 ETFs by volume today, which is rare, everyone wants in on the The Debaser Trade I guess.. <a href=\"https:\/\/t.co\/vsUbQlUMTf\">pic.twitter.com\/vsUbQlUMTf<\/a><\/p>\n<p>\u2014 Eric Balchunas (@EricBalchunas) <a href=\"https:\/\/twitter.com\/EricBalchunas\/status\/1973827519003725864?ref_src=twsrc%5Etfw\">October 2, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to Bloomberg ETF analyst Eric Balchunas, the ETF ranked among the ten most-traded products, alongside SPY, QQQ and GLD.<\/p>\n<p>IBIT also entered, for the first time, the top 20 funds by assets under management, exceeding $90bn. To break into the top ten, the BlackRock vehicle needs another $50bn, the expert <a href=\"https:\/\/x.com\/EricBalchunas\/status\/1973421915189789029\">emphasised<\/a>.<\/p>\n<p>Over the week, Ethereum ETFs attracted more than $1bn, and $14bn since launch.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"323\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-1e42cce30c1bd3ca-5894478898833436-1024x323.png\" alt=\"image\" class=\"wp-image-266921\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/img-1e42cce30c1bd3ca-5894478898833436-1024x323.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/img-1e42cce30c1bd3ca-5894478898833436-300x95.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/img-1e42cce30c1bd3ca-5894478898833436-768x242.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/img-1e42cce30c1bd3ca-5894478898833436-1536x485.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/img-1e42cce30c1bd3ca-5894478898833436.png 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Weekly flows for spot Ethereum ETFs. Source: <a href=\"https:\/\/sosovalue.com\/assets\/etf\/Total_Crypto_ETH_ETF_Fund_Flow?page=usETH\">SoSoValue<\/a>.<\/figcaption><\/figure>\n<h2 class=\"wp-block-heading\">A shake-up in the options market<\/h2>\n<p>Balchunas also noted that open interest in IBIT options has for the first time surpassed those of <a href=\"https:\/\/forklog.com\/en\/news\/coinbase-completes-acquisition-of-deribit\">Deribit<\/a>. After the September 26 expiry, open positions on the fund reached about $38bn versus $32bn on the derivatives exchange.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/search?q=%24IBIT&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$IBIT<\/a> has surpassed Coinbase&#8217;s Derbit platform as the largest venue for bitcoin options with $38b in open interest. I told y&#8217;all ETFs are no joke.. Fat crypto margins in trouble. Nice find by <a href=\"https:\/\/twitter.com\/sidharth_shukla?ref_src=twsrc%5Etfw\">@sidharth_shukla<\/a> <a href=\"https:\/\/t.co\/LUcnpW5g4I\">pic.twitter.com\/LUcnpW5g4I<\/a><\/p>\n<p>\u2014 Eric Balchunas (@EricBalchunas) <a href=\"https:\/\/twitter.com\/EricBalchunas\/status\/1973831223316217921?ref_src=twsrc%5Etfw\">October 2, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cI told you that ETFs are serious. Fat crypto margins are under threat,\u201d the analyst commented.<\/p>\n<\/blockquote>\n<p>Balchunas said that among its competitors, the BlackRock fund shows an absolute monopoly in the options segment, adding:<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cThe options market tends toward a \u2018winner-takes-all\u2019 model, unlike the assets under management of the products, which are distributed more evenly.\u201d<\/p>\n<\/blockquote>\n<p>Earlier, the CryptoQuant expert under the pseudonym PelinayPA <a href=\"https:\/\/forklog.com\/en\/news\/analysts-point-to-healthy-market-dynamics-for-bitcoin\">confirmed<\/a> bitcoin\u2019s \u201chealthy dynamics.\u201d Analysts also <a href=\"https:\/\/forklog.com\/en\/news\/analysts-identify-conditions-for-bitcoins-rise-to-200000\">identified<\/a> conditions for the first cryptocurrency to rise to $200,000.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As bitcoin rallied towards $121,000, the Coinbase premium reached $91.86. CryptoQuant analyst Burak Kesmeci called it a signal of a possible new ATH.<\/p>\n","protected":false},"author":1,"featured_media":89575,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"U.S. investor activity coincided with renewed inflows into ETFs","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,138,569,1138],"class_list":["post-89574","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-coinbase","tag-etf","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"176","promo_type":"1","layout_type":"1","short_excerpt":"U.S. investor activity coincided with renewed inflows into ETFs","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/89574","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=89574"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/89574\/revisions"}],"predecessor-version":[{"id":89576,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/89574\/revisions\/89576"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/89575"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=89574"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=89574"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=89574"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}