Bitcoin’s Coinbase Premium has fallen to its lowest level in four years as $BTC trades around $77K after Friday’s sharp sell-off.
CryptoQuant CEO Ki Young Ju noted that the last comparable level came in November 2022, around the FTX collapse and Bitcoin’s previous market bottom.
Ki Young Ju described current conditions as “bearish enough to be bullish,” indicating how extreme sentiment has become.
BTC briefly dropped to around $76.5K, while more than $1.5B in crypto positions were liquidated within 24 hours, mostly longs.
The $76K to $75K area is now an important zone to watch, while a recovery above $80K would provide a stronger sign that buyers are returning.
#Bitcoin Price Prediction: What is Bitcoins next move?# #BTC Price Analysis#
CryptoQuant CEO Ki Young Ju noted that the last comparable level came in November 2022, around the FTX collapse and Bitcoin’s previous market bottom.
Ki Young Ju described current conditions as “bearish enough to be bullish,” indicating how extreme sentiment has become.
BTC briefly dropped to around $76.5K, while more than $1.5B in crypto positions were liquidated within 24 hours, mostly longs.
The $76K to $75K area is now an important zone to watch, while a recovery above $80K would provide a stronger sign that buyers are returning.
#Bitcoin Price Prediction: What is Bitcoins next move?# #BTC Price Analysis#
