CryptoQuant CEO: Coinbase Premium Index falls to a 4-year low, market sentiment approaches 2022 year FTX post-collapse levels
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Coinbase Premium Index falls to a 4-year low; Ki Young Ju says extreme bearishness may release a bullish signal.
Article
CryptoQuant CEO: Coinbase Premium Index falls to a 4-year low, market sentiment approaches 2022 year FTX post-collapse levels
According to BlockBeats,October 30，CryptoQuant CEO Ki Young Ju stated in a post that the Coinbase Premium Index has fallen to its 4-year low, with the last occurrence of this level being after the 2022 year November FTX crash, when the Bitcoin price also reached a local bottom.
Ki Young Ju believes that current bearish market sentiment has reached a certain level and may instead release a bullish signal.
Original link https://m.theblockbeats.info/flash/374655
Key points
01
CryptoQuant CEO Ki Young Ju stated that the Coinbase Premium Index has fallen to its 4-year low.
02
Ki Young Ju stated that the last occurrence of this level was after the 2022 year November FTX crash.
03
Ki Young Ju believes that current bearish market sentiment has reached a certain level and may release a bullish signal.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
The Coinbase Premium Index is used to observe relative price performance in the Coinbase market. The index is currently at a 4-year low, indicating strong market pessimism; however, “may release a bullish signal” is only Ki Young Ju's view and does not mean prices will necessarily rise.
Why it matters to readers
This indicator is considered to reflect some market sentiment. If pessimism continues to intensify, the market may remain under pressure; current evidence is insufficient to confirm that Bitcoin has bottomed.
Beginners should distinguish between the view that “extreme bearishness may be contrarian bullish” and a confirmed buy signal, and should not judge a market bottom based on a single indicator alone.
Risks and unknowns
The original text did not provide a specific value for the Coinbase Premium Index.
The original text did not provide independent-source cross-verification of this index or market sentiment.
Whether the current situation will resemble the period after the 2022 year November FTX crash remains unconfirmed.
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Coinbase premium index
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