[Wall Street liquidity radar] Bitcoin buying signals improve, but US spot discount persists

Bitcoin trading activity increased at Coinbase Prime while the US spot discount narrowed on the latest completed day, pointing to an easing in weak buying sentiment. US prices nevertheless remained below those overseas. The combination suggests improving participation without clear evidence of stronger US buying demand. Higher trading volume alone does not establish whether institutions were buying or selling. The Coinbase premium, which measures the price difference between Coinbase and Binance, stood at -0.20% on October 31, -0.16% on November 1, -0.18% on November 2, -0.15% on November 3 and -0.09% on November 4. The discount narrowed on November 4, although the live reading was back at -0.19% as of 13:41 UTC on November 5. A positive premium indicates a higher US price, while a negative reading indicates a discount.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to TokenPost.