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Bitcoin trades at a US spot discount amid weak institutional activity and cautious futures positioning.

Market News
07 Nov 2026, 15:03 WIB
Tokenpost
View Source
Bearish
Bitcoin trades at a US spot discount amid weak institutional activity and cautious futures positioning.

Bitcoin is currently trading at a discount in the US market, with the Coinbase premium showing negative values, indicating weaker US buying demand. Institutional trading volume on Coinbase Prime has dropped sharply, signaling reduced participation from large investors. Futures data reveals leveraged funds hold more short than long positions, reflecting a defensive stance amid market uncertainty. While the US spot discount narrowed slightly recently, overall indicators suggest cautious sentiment and restrained demand for bitcoin in the US, with a sustained recovery in institutional activity needed to confirm stronger buying interest.

Bitcoin’s US discount and bearish positioning provide context for Pluang’s cryptocurrency market data. Of 50 major cryptocurrencies priced on Pluang, 15 rose and 34 fell today. Notable movers include BAT at Rp2.254 with a 1-day change of -6.56% and 88% sell order activity, BCH at Rp4.662.225 down 5.17% with 97% sell orders, and KSM at Rp59.300 down 3.83% with 46% sell orders. Data is as of Nov 07, 2026 19:41 WIB.

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