US buyers have bid below the global Bitcoin price for 50 straight days. The Coinbase premium, the gap between the US price and the global one, read -0.15% on Oct 25.
The broader mood stayed middling. $BTC traded at $80,345, down 0.44% over 24 hours, Fear and Greed read 54 (neutral), and Bitcoin held 60.11% of a $2.7T market.
Order flow was more one sided than usual. Bitcoin's toxicity score, a gauge of how hard one side pushes through the book, read 0.18, the 97th percentile of the last 90 days. Leverage was leaving too: none of the 10 majors we track added it, 3 were squeezing out, and $AVAX open interest fell 4.2% as price slipped 0.9%.
The broader mood stayed middling. $BTC traded at $80,345, down 0.44% over 24 hours, Fear and Greed read 54 (neutral), and Bitcoin held 60.11% of a $2.7T market.
Order flow was more one sided than usual. Bitcoin's toxicity score, a gauge of how hard one side pushes through the book, read 0.18, the 97th percentile of the last 90 days. Leverage was leaving too: none of the 10 majors we track added it, 3 were squeezing out, and $AVAX open interest fell 4.2% as price slipped 0.9%.