Coinbase Premium Falls to Four-Year Low, Echoing FTX-Era Readings

The gap between Coinbase and global crypto prices has narrowed to levels not seen since the FTX collapse, according to CryptoQuant's CEO. The Coinbase premium has slid to a four-year low, according to data cited by multiple crypto analysts this week. The metric measures the price difference between Bitcoin on Coinbase, a major U.S. exchange, and its price on global trading venues. A positive premium typically signals stronger buying pressure from American investors. A shrinking or negative premium suggests the opposite.