Coinbase Premium Negative for Fifth Day as Coinbase Prime Volume Drops 63.2%
- —Coinbase Premium negative from Oct. 14 to 18, ranging from -0.1417% to -0.1376%
- —Coinbase Prime daily volume at 1,900.38 BTC, roughly $387.9 million
- —CME leveraged funds held 5,520 longs vs 11,364 shorts, a 2.1x short bias
- —VIX rose to 19.99 from 16.46, nearing the 20 threshold
Why it matters: Weak U.S. spot demand and a short-heavy CME book point to risk-off positioning; a flip in the premium to positive would be the first sign of recovering demand.
Source: TokenPost