CryptoQuant founder says the Coinbase Premium Index has fallen to a 4-year low
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AT A GLANCE
Ki Young Ju said the Coinbase Premium Index has fallen to a 4-year low and views extreme pessimism as a bullish signal.
Article
CryptoQuant founder: Coinbase premium falls to a 4-year low
PANews October 30 reported that CryptoQuant founder Ki Young Ju posted on X that the Coinbase Premium Index has fallen to a 4-year low. The last time it was at such a low level was after the 2022 November FTX crash, when BTC was at a cyclical bottom. Ki Young Ju believes current market sentiment is pessimistic enough to constitute a bullish signal. The Coinbase Premium Index is often used to gauge the strength of buying by U.S. investors.
PANews reported that CryptoQuant founder Ki Young Ju posted on X.
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Ki Young Ju said that the Coinbase Premium Index has fallen to a 4-year low.
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He said the last time the index was at such a low level was after the 2022 November FTX crash, when BTC was at a cyclical bottom.
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Ki Young Ju believes current market sentiment is pessimistic enough to constitute a bullish signal.
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The original text states that the Coinbase Premium Index is often used to gauge the strength of buying by U.S. investors.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This news concerns an indicator for observing the strength of U.S. investor buying that has fallen to a very low level. Ki Young Ju interprets the current pessimism as a potentially bullish signal, but this is his market view and does not mean that BTC has bottomed or will necessarily rise.
Why it matters to readers
The indicator’s extremely low level may help market participants observe U.S. investor buying and market sentiment; the article also compares the current level with the situation in 2022 November.
Beginners can treat it as one indicator for observing sentiment and buying, and should not rely solely on this signal to judge a price bottom or make trading decisions.
Risks and unknowns
The original text does not provide a specific reading for the Coinbase Premium Index or the underlying data chart.
The information in the article alone cannot independently verify the “4-year low.”
The historical coincidence of similar low levels and a cyclical bottom is insufficient to prove that BTC has already bottomed.
“Enough to constitute a bullish signal” is Ki Young Ju’s view; the subsequent market direction is unknown.
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Coinbase premium index
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