Coinbase Premium Negative for Fifth Straight Day as Institutional Bitcoin Demand Wanes
- —Coinbase Premium negative for 5 straight days, from -0.0229% to -0.0208%
- —Coinbase Prime volume fell 72.6% to 1,998.99 BTC in a day
- —CME bitcoin shorts at 12,698 contracts vs 4,745 longs
- —VIX stays below 20, dollar index slips to 100.97
Why it matters: A return of the Coinbase Premium to positive territory and a rebound in Prime volumes would signal renewed U.S. institutional demand.
Source: TokenPost