Why U.S. Institutions Are Selling Bitcoin Faster Than Binance Traders

Bitcoin fell below $84,000 as leveraged liquidations reached $812.95 million across the crypto market. Bitcoin’s hourly, volume-weighted Coinbase Premium fell to around -0.0012 to -0.0013 on October 12. September U.S. CPI inflation is expected to rise to 3.7%, raising concerns about interest rates. U.S. institutions appear to be selling Bitcoin faster than traders on Binance. As the Coinbase Premium Index has stayed negative for several days, showing that Bitcoin is trading at a lower price on Coinbase than on Binance. This selling pressure among U.S. investors comes ahead of the upcoming CPI report.