Coinbase Premium negative for a fifth day as US bitcoin demand lags global
- —Coinbase Premium: -0.0893% on September 17, -0.0196% on September 21 — five days in the red
- —Coinbase Prime volume rose 8.6% to 3,612.81 BTC ($387.28 million)
- —CME: funds' shorts at 11,899 contracts versus 5,545 longs — a 2.1x tilt
- —VIX on September 18 was 14.81, the dollar index 100.32, and the 10-year Treasury yield 4.94%
Why it matters: Weak US spot demand and a short tilt on CME point to institutional caution; a flip in the Coinbase Premium to positive would signal returning demand.
Source: TokenPost