Coinbase Premium Stays Negative for Five Days Despite Surge in Coinbase Prime Volume
- —Coinbase Premium negative for five sessions, ranging from -0.1259% to -0.1769%
- —Coinbase Prime volume rose 223% to 6,770 BTC, or about $377 million
- —CME leveraged funds held 5,466 longs versus 10,408 shorts as of October 20
- —VIX fell to 18 while the dollar index rose to 102
Why it matters: Rising institutional activity has yet to show up in a US premium, leaving traders watching for demand to overtake selling.
Source: TokenPost