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Strong USD (fiat) bid for Bitcoin Throughout this run. One of | Honey Block

Strong USD (fiat) bid for Bitcoin Throughout this run.
One of the most interesting things through this run is strong fiat bid.
Coinbase premium has come to life not only Coinbase.
As you can see there's seem to be a strong fiat bid on other venues like Bitstamp & Gemini (All 3 has an institutional bid as well).
One can argue part of the delta is due to ALT outperformance since 30/7 but this might be(yes might, only if it continues...) a very positive change in the market structure.