Coinbase premium falls to -0.1051%, Coinbase Prime volume plunges 31.4%
- —The Coinbase premium fell from -0.0549% on September 13 to -0.1051% on September 17
- —Coinbase Prime volume dropped from 10,173.51 BTC to 6,974.53 BTC (-31.4%)
- —CME: leveraged fund shorts at 13,038 versus 5,146 longs — a 2.5x advantage
- —The VIX rose to 17.71, and the 10-year U.S. Treasury yield stood at 5.00%
Why it matters: Weak U.S. spot and institutional activity points to cooling demand within the crypto market rather than a broad risk-off move.
Source: TokenPost