COINBASE PREMIUM HITS 4-YEAR LOW, LAST SEEN AFTER FTX COLLAPSE! @ki_young_ju, founder and CEO of @CryptoQuant_com, says the Coinbase Premium has hit a 4-year low. He noted the…
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🚨COINBASE PREMIUM HITS 4-YEAR LOW, LAST SEEN AFTER FTX COLLAPSE! @ki_young_ju, founder and CEO of @CryptoQuant_com, says the Coinbase Premium has hit a 4-year low. He noted the last time it was thi…
🚨COINBASE PREMIUM HITS 4-YEAR LOW, LAST SEEN AFTER FTX COLLAPSE! @ki_young_ju, founder and CEO of @CryptoQuant_com, says the Coinbase Premium has hit a 4-year low. He noted the last time it was this low was in November 2022, right after the FTX collapse, when bitcoin:native bottomed. He added that market sentiment is bearish enough to be bullish. The Coinbase Premium tracks the price difference of Bitcoin on Coinbase versus global markets. A deep negative reading points to weaker U.S. demand or heavier selling pressure on Coinbase, which is often read as a gauge of U.S. institutional and retail flows. Readings this low have historically coincided with periods of strong capitulation.
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