Wall Street liquidity radar: Institutional Bitcoin trading jumps 61.9%, but US demand still lags
Photo: TokenPost
US institutional Bitcoin trading surged, but spot prices remained below overseas levels. The divergence between institutional activity and buying pressure points to continued caution. Bitcoin trading through an institutional venue rose sharply. However, the US spot market still showed no clear buying advantage over offshore markets. The Coinbase premium stood at -0.135% on October 20. The daily reading improved from -0.1416% on October 16 to -0.1229% on October 19 before weakening again. A negative premium means Bitcoin trades at a lower price on Coinbase than on overseas markets.
Source: TokenPost
