US bitcoin sentiment stays defensive as CME shorts outnumber longs 1.9 to 1
- —CME leveraged funds: 10,408 shorts vs 5,466 longs, a 1.9x short bias
- —Coinbase Premium negative for five straight days, at -0.1336% on Oct. 24
- —Coinbase Prime volume dropped 32% day-over-day to 4,960 BTC
- —VIX up to 19.45, dollar index at 101.81, 10-year yield at 4.96%
Why it matters: Weak US institutional demand is capping bitcoin's recovery; a rebound in Coinbase Premium and Prime volumes would signal returning buying pressure.
Source: TokenPost