Coinbase Premium: Hits 4-Year Low

Coinbase Premium hit a 4-year low, last observed in November 2022 immediately after the FTX collapse when BTC bottomed.

Ki Young Ju noted that prevailing bearish sentiment may now set the stage for a reversal.

Bitcoin trades at $77687.99 on the 4-hour chart, pressing directly against the lower Bollinger Band support at $77680.93 while the EMA50 at $80564.22 and EMA200 at $81562.31 cap upside as concrete resistance; the MACD death cross at -611.99 confirms the bearish structure yet RSI at 34.94 remains neutral, suggesting exhaustion rather than capitulation and opening room for a measured bounce toward the band midline before any sustained recovery.