[Wall Street liquidity radar] Coinbase Prime volume jumps 186.2%, but Bitcoin buying shift remains unclear

Institutional Bitcoin trading increased sharply, but the evidence for stronger US buying remains mixed. Coinbase Prime volume rose 186.2%, while the latest completed daily Coinbase premium reading remained negative. The increase in activity signals greater participation through the institutional trading venue. It does not establish whether buyers or sellers were driving that activity. The Coinbase premium, which measures the US spot price gap against overseas markets, stood at -0.16% on November 5, -0.15% on November 6, -0.15% on November 7, -0.13% on November 8 and -0.14% on November 9. The discount widened on the final day. November 10 readings were mixed: premiumLive recorded +0.03% at 13:01:55 UTC, while premiumNow recorded -0.11% at 13:02:06 UTC.

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