Coinbase Premium Negative for 5 Straight Days as Prime Volumes Drop 12.7%
- —Coinbase Premium negative for 5 straight days, -0.0834% on Sept. 25
- —Coinbase Prime volume fell 12.7% to 6,840.81 BTC (~$398.7M)
- —CME leverage funds hold 11,899 short contracts vs 5,545 longs
- —VIX rose to 15.67; US 10-year Treasury yield at 5.11%
Why it matters: A negative Coinbase Premium and shrinking Prime volumes point to weakening US institutional demand for bitcoin.
Source: TokenPost