Binance took in a net 6,285 $BTC
over Oct 15–16, right after the hot 3.74% CPI print
Coinbase Premium fell to -0.14, lower than 87% of the past year's readings, so US demand is weak
Stablecoin reserves on exchanges are at $61.4B, their lowest level of the past year, so there's less cash waiting to buy
Funding is up and Binance OI is holding near $9.0B, so leverage hasn't unwound
⚖️ For now: short-term caution, not a confirmed sell-off.
$BTC
#Bitcoin #Binance #CryptoQuant #CPI #OnChain
over Oct 15–16, right after the hot 3.74% CPI print
Coinbase Premium fell to -0.14, lower than 87% of the past year's readings, so US demand is weak
Stablecoin reserves on exchanges are at $61.4B, their lowest level of the past year, so there's less cash waiting to buy
Funding is up and Binance OI is holding near $9.0B, so leverage hasn't unwound
⚖️ For now: short-term caution, not a confirmed sell-off.
$BTC
#Bitcoin #Binance #CryptoQuant #CPI #OnChain