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Bitcoin's Coinbase Premium hits a 4-year low amid Binance hack fears, signaling possible buying opportunity.

Market News
01 Nov 2026, 10:44 WIB
Zycrypto
View Source
Bearish
Bitcoin's Coinbase Premium hits a 4-year low amid Binance hack fears, signaling possible buying opportunity.

Bitcoin's Coinbase Premium has dropped to its lowest level in four years, a sign last seen after the 2022 FTX collapse, reflecting weak demand from U.S. investors amid a $6.4 billion Binance security breach. This premium measures the price difference of Bitcoin between Coinbase and Binance, with a negative reading suggesting stronger selling pressure on Coinbase. Despite the bearish sentiment and Bitcoin falling below $77,000, CryptoQuant's CEO sees this as a potential bullish opportunity, as market fear may be overdone. Binance has pledged to cover all losses from the hack, but traders remain cautious until withdrawals resume and more clarity emerges.

Binance Coin (BNB) trades at Rp12.915.558 on Pluang as of Nov 01, 2026 16:02 WIB, showing a 1.78% gain in the last day. The platform records a balanced order activity of 50% sell and 50% buy, with a typical hold time of 90 days. This steady trading contrasts with the recent Bitcoin turmoil discussed in the article.

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