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Bitcoin's Coinbase premium hits 4-year low, signaling deep market pessimism but potential bullish reversal.

Market News
30 Oct 2026, 12:24 WIB
Tokenpost
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Bullish
Bitcoin's Coinbase premium hits 4-year low, signaling deep market pessimism but potential bullish reversal.

Bitcoin's Coinbase premium index has dropped to its lowest level in four years, staying below zero for 20 consecutive days as of October 13. CryptoQuant founder Ki Young Ju noted that such extreme pessimism previously occurred after the FTX collapse in November 2022, which marked a market bottom for Bitcoin. This suggests that the current negative sentiment might actually indicate a potential bullish turnaround for Bitcoin. Investors should watch market mood as a possible signal for Bitcoin's next move.

Bitcoin's Coinbase premium index is the subject, with Pluang market data as context for readers. For readers following cryptocurrency markets, here is Pluang's snapshot as of Oct 30, 2026 15:51 WIB: out of 50 major cryptocurrencies, 3 rose and 46 fell today. Notable movers include YFI at Rp32.784.603 with a 1-day change of -12.80% and 100% buy order activity, BAL at Rp16.297 up 11.14%, and GRT at Rp354 down 9.26%.

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