Coinbase Premium Stays Negative for Fifth Day as US Bitcoin Discount Narrows to -0.0862%
- —Coinbase Premium: -0.1313% on Oct 12, -0.1417% on Oct 14, -0.0862% on Oct 16
- —Coinbase Prime volume up 8.6% to 7,097 BTC ($388.96 million)
- —CME leverage funds: 5,731 longs vs 12,583 shorts as of Oct 6, a 2.2x short skew
- —VIX fell to 16.46, dollar index to 101.88, 10-year Treasury yield at 5.19%
Why it matters: A narrowing discount and rising institutional volumes suggest selling pressure is easing, but a return to positive premium is needed to confirm a shift in US demand.
Source: TokenPost