CME leverage funds hold 2.1x more bitcoin shorts than longs
- —CME shorts outnumber longs 2.1 to 1: 11,364 versus 5,520 contracts
- —Coinbase Premium negative for five days, at -0.1673% on Oct. 17
- —Coinbase Prime volume dropped 27.3% to 5,159.84 BTC in a day
- —VIX rose to 19.99; 10-year Treasury yield stands at 5.10%
Why it matters: Weak US spot demand and high yields weigh on bitcoin; a flip of the Coinbase Premium back to positive would be the first sign of a shift.
Source: TokenPost