CryptoQuant founder Ki Young Ju said in a post on X that the Coinbase premium has dropped to its lowest level in four years. He said the last time the metric reached a similar level was in November 2022, after the collapse of FTX, when Bitcoin hit its bottom. Based on that comparison, Ju said market sentiment has turned pessimistic enough to support a bullish view. The comment links the current reading in the Coinbase premium to a previous period of extreme stress in the crypto market. His post did not add further data in the excerpt, but it framed the latest move as a sign that bearish sentiment may have become excessive.
CryptoQuant founder Ki Young Ju said in a post on X that the Coinbase premium has reached a four-year low.
He said the last time the metric was at this level was in November 2022, after the collapse of FTX, when Bitcoin found its bottom. Ju said market sentiment has become pessimistic enough to be bullish.
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