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Coinbase Premium has reached its lowest point in four years. Ki Young Ju, founder and CEO of CryptoQuant, noted that the last time it was this low was in November 2022, following the FTX collapse and a BTC bottom. Ju described the current market sentiment as bearish enough to potentially be bullish, in his opinion.
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Earlier this year, Ki Young Ju said Bitcoin was still in an early bull market phase and cautioned against viewing corrections as signs of a bear market. He has also introduced an AI tool that tracks collective sentiment from analyst posts across leading platforms. Ju regularly comments on market conditions and sentiment metrics.