Markets· ★★★· bullish·

Ki Young Ju: Coinbase Premium at 4-year low may signal Bitcoin upside

  • —Coinbase Premium Index hit a four-year low
  • —The last comparable reading was in November 2022
  • —A negative index signals weak US investor demand
  • —Ki Young Ju sees the extreme pessimism as a bullish signal
Why it matters: A sentiment gauge at a historic low may point to Bitcoin nearing a local bottom.
#BTC
Source: Bloomingbit
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