Coinbase Premium Falls to -0.37% as Coinbase Prime Volume Jumps 93%
- —Coinbase Premium moved from -0.1769% on Oct. 26 to -0.3655% on Oct. 30
- —Coinbase Prime volume hit 9,933.73 BTC on Oct. 29, up from 5,150.06 BTC
- —CME leverage funds held 5,466 longs vs 10,408 shorts as of Oct. 20
- —VIX rose to 17.20 while the dollar index slipped to 101.77
Why it matters: Heavier institutional trading without a recovery in the Coinbase Premium suggests U.S. buying appetite for bitcoin has not yet returned.
Source: TokenPost