Institutional BTC trading rises, but US spot still trades at a discount

• —Coinbase Prime volume hit 8,614 BTC on Oct 8, up 11.8% from 7,708 BTC the prior day
• —Coinbase premium negative for five days, ranging from -0.0209% to -0.0754%, at -0.025% on Oct 9
• —CME leveraged funds as of Sept 29: 4,980 longs vs 11,836 shorts, a 2.4x short skew
• —VIX rose to 15.41, dollar index eased to 102.04, 10-year Treasury yield at 5.28%