Analysis: Flow of Bitcoin from other exchanges to Coinbase bullish

CryptoQuant Senior Analyst Julio Moreno outlined on X that the flow of Bitcoin from other exchanges to Coinbase, as demonstrated by the Inter-exchange Flow Pulse, is indicative of an ongoing bull market. He added that sophisticated traders may be moving Bitcoin they have stored on other exchanges to capture the Coinbase premium, as demand for Bitcoin increases, pushing the Bitcoin price on Coinbase higher than elsewhere.