Coinbase Premium stays negative for five days as US bitcoin demand weakens
- —Coinbase Premium negative for five straight sessions, at -0.185% on Oct. 25
- —Coinbase Prime volume fell 24.8% to 3,727.66 BTC on Oct. 24
- —CME leveraged funds: 5,466 longs vs 10,408 shorts as of Oct. 20
- —VIX rose to 19.45; dollar index climbed to 101.81
Why it matters: Weak US spot demand and a heavy short bias on CME point to continued downside pressure on bitcoin.
Source: TokenPost