Wall Street liquidity radar: U.S. spot demand weakens as prime volume drops sharply

U.S. spot bitcoin traded at a deeper discount to offshore markets, while institutional desk activity fell sharply. Equity-market volatility remained relatively calm, but crypto-specific demand signals pointed to weaker buying appetite. As of 1:40 p.m. KST on Oct. 11, the Coinbase premium moved from -0.0561% on Oct. 7 to -0.0754% on Oct. 8, -0.1099% on Oct. 9 and -0.0935% on Oct. 10, before falling to -0.1181% on Oct. 11. A negative reading means U.S. spot prices are cheaper than offshore prices. The premium stayed negative for five straight days, and the latest reading deepened, suggesting U.S. spot buying remains weak.

Source: TokenPost