Bitcoin ($BTC) Coinbase Premium Index was −0.2037 on Oct 31, 2026; the Coinbase premium gap was −158 (Z = −2.76). 📉 Binance $BTC funding reached 0.0100 on Oct 31 (+123.6% over 30 days), while Binance open interest is 1.5% lower than a month ago. A negative premium alongside elevated Binance funding may suggest Coinbase-linked spot demand has softened while leverage on Binance stayed active. ⚖️ Macro: GDP (3.40%) and PCE (3.65%) were released Oct 29. Bitcoin's 90-session DXY correlation (−0.27) is unstable, so treat it as context, not a signal. One unverified read: the drop from 80.8K (Oct 27) to 77.9K (Oct 29) may reflect a reaction to those releases. Data window: on-chain to Oct 31, macro to Oct 29. Netflow & stablecoin series excluded. $BTC #Bitcoin #Crypto #Onchain #CryptoQuant