[Wall Street liquidity radar] Bitcoin’s US discount widens again as buying conviction remains unclear

Institutional trading increased sharply, but bitcoin continued to trade at a discount in the US, with the gap widening again in the latest completed session. Higher trading activity alone does not establish stronger US buying conviction. The Coinbase premium, a measure of the US spot price gap against overseas markets, stood at -0.27% on October 29, -0.24% on October 30, -0.20% on October 31, -0.16% on November 1 and -0.18% on November 2. The discount widened in the latest completed session. The live reading was -0.17% at 13:00 UTC on November 3.