Buyers From Coinbase Powered Bitcoin Higher or Did They?

Bitcoin (BTC) has gained nearly 28% this month, hitting the highest since early November. The popular narrative on Crypto Twitter is that traders from Coinbase (COIN) have powered the cryptocurrency higher. However, the Nasdaq-listed exchange hasn’t been the only source of bullish pressures for the cryptocurrency.

The Coinbase premium index, which measures the spread between Coinbase’s BTC/U.S. dollar (USD) pair and Binance’s BTC/USDT pair involving the tether stablecoin, turned positive last…

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