Coinbase Premium Stays Negative but US Bitcoin Discount Narrows
- —Coinbase Premium at −0.0873% on Oct. 21 vs −0.1385% on Oct. 17
- —Coinbase Prime volume reached 5,283.87 BTC on Oct. 20, up 10.2%
- —CME leveraged funds: 5,520 longs vs 11,364 shorts as of Oct. 13
- —VIX fell to 17.31; dollar index edged up to 101.77
Why it matters: The narrowing discount hints at recovering US demand, but a negative premium and heavy CME short positioning show sentiment remains fragile.
Source: TokenPost