Coinbase Premium hits 4-year low, echoes post-FTX collapse sentiment

CryptoQuant has reported that the Coinbase Premium, a key indicator of Bitcoin ’s price dynamics across exchanges, has hit its lowest level in four years. This metric measures the price difference of Bitcoin between Coinbase, a major U.S.-based exchange, and Binance. A negative Coinbase Premium suggests weaker spot buying pressure in the U.S. market, reflecting broader sentiment shifts. The last time it reached similar levels was after the collapse of FTX in November 2022, a period marked by significant market volatility and negative sentiment.