CME Bitcoin Shorts Outnumber Longs 2.4x as Coinbase Premium Stays Negative
- —CME leveraged funds held 4,980 longs vs 11,836 shorts as of Sept. 29
- —Coinbase Premium negative for five straight days, from -0.0155% to -0.0807%
- —Coinbase Prime volume jumped 30.9% to 8,774 BTC on Oct. 2
- —VIX fell to 15.31, dollar index eased to 101.93, 10-year Treasury yield at 5.24%
Why it matters: US institutions are positioned for further bitcoin downside while the persistent spot discount points to weak American buying demand.
Source: TokenPost