[Analysis] "MicroStrategy's Bitcoin Purchase Announcement Linked to Coinbase Premium Gap Increase"
Suehyeon Lee
Summary
- MicroStrategy reportedly announces Bitcoin purchases mainly on Mondays.
- It was noted that the Coinbase premium gap tends to rise sharply before the announcement.
- The increase in the premium gap can be used to predict the purchase scale.
MicroStrategy's announcement of Bitcoin (BTC) purchases appears to be linked to the increase in the Coinbase premium gap.
On the 11th (local time), CryptoQuant author maartunn reported, "MicroStrategy's Bitcoin purchase announcements always occur on Mondays and tend to be announced shortly after a significant increase in the Coinbase premium gap."
He continued, "The purchase announcements are typically made at 2:04 PM every Monday, and you can see the Coinbase premium gap rise sharply for several hours to days before the announcement," explaining, "By observing the increase in the Coinbase premium gap, one can roughly estimate the scale of MicroStrategy's Bitcoin purchases."
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
