
Coinbase Premium Stays Negative as Prime Trading Jumps, US Bitcoin Still at a Discount
- —Coinbase Premium negative every day from Oct 1 to Oct 5, ranging from -0.0369% to -0.0237%
- —Coinbase Prime volume hit 2,624 BTC on Oct 4, up 36.4% from the prior day
- —CME leveraged funds held 4,980 longs vs 11,836 shorts as of Sept 29
- —VIX at 15.31, dollar index at 102.50, US 10-year Treasury yield at 5.24%
Why it matters: A negative Coinbase Premium signals soft US institutional demand, capping bitcoin's upside in the near term.
Source: TokenPost