Coinbase Premium Negative for Five Days as US Bitcoin Demand Cools

• —Coinbase Premium has stayed negative for five straight days, hitting -0.1498% on Oct. 23
• —Coinbase Prime volume was 7,296.83 BTC on Oct. 22, down 5% from the prior day
• —CME bitcoin futures show shorts at 11,364 contracts versus 5,520 longs, a 2.1x ratio
• —VIX rose to 19.03, the dollar index to 101.67 and 10-year Treasury yield sits at 5.13%