Wall Street liquidity radar: Coinbase premium retreats as Prime execution rises

U.S. spot bitcoin continued to trade below offshore markets, while institutional execution picked up. Trading activity improved, but the price gap has not yet shifted back toward a U.S. buying premium. As of Oct. 14, the Coinbase premium was -0.0900%. It stood at -0.0935% on Oct. 10, widened to -0.1132% on Oct. 11 and -0.1313% on Oct. 12, then narrowed to -0.0806% on Oct. 13 before slipping again on Oct. 14. A negative reading means U.S. spot bitcoin is trading cheaper than overseas markets. The discount has narrowed from its recent low, but it has not turned positive, suggesting U.S.