CME data: institutions hold 2.7x more bitcoin shorts than longs as Coinbase Premium turns positive
- —CME leveraged funds held 4,745 longs vs 12,698 shorts as of Sept. 22
- —Coinbase Premium recovered from -0.0294% on Sept. 24 to +0.0031% on Sept. 26
- —Coinbase Prime volume rose 6.5% to 7,285.81 BTC, roughly $397.79 million
- —VIX fell to 14.87, the dollar index slipped to 100.97, 10-year Treasury yield stood at 5.18%
Why it matters: Institutions remain positioned for further bitcoin downside, but the Coinbase Premium flipping positive hints at a tentative pickup in US spot demand.
Source: TokenPost