[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.