CryptoQuant founder Ki Young Ju said on X that the Coinbase premium has fallen to a four-year low. The last time it was at this level was in November 2022, after the FTX collapse, when he said Bitcoin bottomed.

In his view, market sentiment has turned bearish enough to be bullish. This is Ki Young Ju’s own assessment, not a confirmed price signal; the source material provides only this one historical reference for the relationship between the Coinbase premium and Bitcoin’s direction.