Coinbase Premium turns positive as institutional volumes on Coinbase Prime jump 62.6%
- —Coinbase Premium hit +0.1125% on Oct 8 vs -0.0561% on Oct 7
- —Coinbase Prime volume reached 7,708.40 BTC on Oct 7, up 62.6% day-over-day
- —Prime's 24-hour dollar volume was about $392.42 million
- —CME leveraged funds held 4,980 longs vs 11,836 shorts as of Sept 29
Why it matters: The premium's return to positive territory and rising institutional volumes point to firmer US buying, though dollar strength and high yields remain headwinds.
Source: TokenPost
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