[Wall Street liquidity radar] Coinbase Prime volume drops 82.2% as US buyers stay cautious

US crypto indicators point to cautious buying interest, with Coinbase Prime trading volume falling 82.2% and Bitcoin continuing to trade at a discount on Coinbase. The combination offers limited evidence of a recovery in US demand. The US price discount narrowed, but institutional trading activity fell sharply. Together, the readings suggest that cheaper US prices have yet to coincide with stronger participation through the institutional venue. The latest Coinbase premium reading on November 1 was -0.18%. The daily series also stood at -0.18%, compared with -0.20% on October 31.

Source: TokenPost