Coinbase bitcoin reserves near one-year low as US premium turns negative
- —Coinbase holds 845,400 BTC, bottom 2% of the one-year range
- —Coinbase Premium Index fell to -0.123 by Oct. 19
- —Binance funding rate rose to 0.0092, signaling long demand
- —Binance stablecoin reserves at $43.39 billion, bottom 3% of year
Why it matters: Weak US spot demand paired with rising leverage on Binance leaves any rally exposed to a sharp long squeeze.
Source: Blockmedia
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