Bitcoin’s price on Coinbase came within 0.02% of Binance’s at 7:40 a.m. EST (12:40 UTC) Nov. 15, narrowing the U.S. discount while leaving it below zero.
CryptoQuant’s index recorded a 0.13% discount on Nov. 10 and 0.05% on Nov. 14. The readings compare Bitcoin prices on the two exchanges; a negative figure means Coinbase’s price was lower. The latest reading had not turned into a premium for Coinbase.
CFTC disclosures listed leveraged funds with 7,705 short and 5,114 long contracts in CME Bitcoin futures as of Nov. 3. The agency publishes positioning data weekly, so that count predates the latest spot-price reading.
The index tracks relative prices on two exchanges, while the CFTC figures cover futures positions. They describe different parts of the market and do not by themselves show whether U.S. investors were net buyers of Bitcoin.
EconoTimes previously examined the Coinbase discount alongside Prime trading activity. Subsequent completed premium readings and new Prime-volume data will help show whether the narrower price gap persists alongside trading activity.
