The Coinbase Premium Index (a simple score that compares the Bitcoin price in real US dollars on @coinbase against the Bitcoin price in USDT stablecoins on @binance).
🔹 When this score is positive, Bitcoin is more expensive on @coinbase, showing strong buying from American banks, funds, and everyday US investors.
🔸 When this score goes negative, Bitcoin is cheaper on @coinbase than on @binance.
@cryptoquant_com founder @ki_young_ju shared that this score dropped past -0.2% to a 4-year low while Bitcoin traded near $77,900 📊
The last time this score fell so deep was in November 2022 right after the FTX exchange collapse, when Bitcoin hit its lowest price near $15,500 before starting a multi-year recovery. Because of that history, @ki_young_ju says market fear is now high enough to be a positive buying signal 📈
Deeper reasons explain why this gap dropped so fast right now ⚠️
1️⃣ After the $6.4 billion #binance hack on 29 October 2026, @Tether_to and @circle quickly froze nearly $3 billion in stolen USDT and USDC. Both the hackers and nervous traders rushed to swap freezable stablecoins into unfreezable coins like Bitcoin and @Ethereum , pushing Bitcoin buying demand and prices higher on global USDT markets than on @coinbase 🔒
2️⃣ While @binance temporarily paused withdrawals during the security check, US traders and funds on #CoinbaseExchange. could easily sell Bitcoin directly for bank cash to reduce their risk, pushing the @coinbase price down even further 💵
Who is protecting Bitcoin right now: hacker swaps or real buyers? 👇
🔹 When this score is positive, Bitcoin is more expensive on @coinbase, showing strong buying from American banks, funds, and everyday US investors.
🔸 When this score goes negative, Bitcoin is cheaper on @coinbase than on @binance.
@cryptoquant_com founder @ki_young_ju shared that this score dropped past -0.2% to a 4-year low while Bitcoin traded near $77,900 📊
The last time this score fell so deep was in November 2022 right after the FTX exchange collapse, when Bitcoin hit its lowest price near $15,500 before starting a multi-year recovery. Because of that history, @ki_young_ju says market fear is now high enough to be a positive buying signal 📈
Deeper reasons explain why this gap dropped so fast right now ⚠️
1️⃣ After the $6.4 billion #binance hack on 29 October 2026, @Tether_to and @circle quickly froze nearly $3 billion in stolen USDT and USDC. Both the hackers and nervous traders rushed to swap freezable stablecoins into unfreezable coins like Bitcoin and @Ethereum , pushing Bitcoin buying demand and prices higher on global USDT markets than on @coinbase 🔒
2️⃣ While @binance temporarily paused withdrawals during the security check, US traders and funds on #CoinbaseExchange. could easily sell Bitcoin directly for bank cash to reduce their risk, pushing the @coinbase price down even further 💵
Who is protecting Bitcoin right now: hacker swaps or real buyers? 👇
