CryptoQuant Founder: Coinbase Premium Falls to 4-Year Low

October 30: 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 this low was after the FTX collapse in November 2022, when BTC was at a cyclical bottom. Ki Young Ju believes market sentiment is now pessimistic enough to be a bullish signal. The Coinbase Premium Index is often used to gauge the strength of U.S. investors' buying.