[Wall Street liquidity radar] Bitcoin’s US discount and bearish positioning persist as institutional volume drops

US bitcoin indicators point to caution as institutional trading volume contracts sharply. Bitcoin continues to trade at a discount in the US, while leveraged funds hold more short than long positions in futures. The US spot discount narrowed in the latest completed session, but weaker institutional turnover offers limited evidence of a recovery in buying conviction. Futures positioning also remains tilted toward downside exposure. CFTC disclosures show that leveraged funds held 5,114 long contracts and 7,705 short contracts on CME as of November 3.

Source: TokenPost