Coinbase Bitcoin Premium Index drops to -0.20, Binance funding fees rise.

On October 31st, the Coinbase Bitcoin premium index fell to -0.2037, with a premium gap of -158. During the same period, Binance's BTC funding rate rose to 0.0100, an increase of 123.6% over the past 30 days, and Binance open interest decreased by 1.5% compared to a month ago. On October 29th, US GDP was 3.40%, and the Personal Consumption Expenditures Price Index (PCE) was 3.65%. The price of Bitcoin fell from $80,800 on October 27th to $77,900 on October 29th. The correlation coefficient between Bitcoin and the US Dollar Index (DXY) over the past 90 trading sessions was -0.27.