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U.S. bitcoin spot price discount deepens despite 122% surge in institutional Coinbase Prime volume.

Market News
13 Oct 2026
Tokenpost
View Source
Neutral
U.S. bitcoin spot price discount deepens despite 122% surge in institutional Coinbase Prime volume.

U.S. spot bitcoin prices traded at a deeper discount compared to offshore markets, with the Coinbase premium remaining negative and widening over several days. Meanwhile, institutional trading volume on Coinbase Prime surged 122% to nearly 4,738 BTC on October 12, signaling increased institutional activity despite weaker U.S. spot buying appetite. CME futures data showed more short than long contracts, indicating bearish sentiment among leveraged funds. Market volatility (VIX) remained moderate but slightly increased, and the dollar index eased slightly, though high Treasury yields continue to pressure crypto liquidity. The market is awaiting whether the Coinbase premium will shift out of discount and if institutional volume growth will sustain to clarify bitcoin demand direction.

The story covers U.S. bitcoin market dynamics including a deepening discount and rising institutional volume. For readers following cryptocurrency markets, here is Pluang's market snapshot as of Oct 13, 2026 18:43 WIB: Out of 50 major cryptocurrencies, 8 rose and 41 fell. Notable movers include COTI at Rp223 with a 1-day change of -7.96% and Pluang order activity of 78% Sell / 22% Buy, VET at Rp130 down 7.65%, and THETA at Rp3.688 down 7.36% with 100% Buy activity.

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