The Coinbase Premium has dropped to a level seen only about five times a year, according to CryptoQuant contributor and analyst martuun. The Coinbase Premium is an indicator that shows the difference between the Bitcoin price on Coinbase and its price on other global exchanges. The analyst noted that the premium is currently at -$122, adding that such an extreme discount has only been observed on about five occasions this year.
Coinbase Premium falls to -$122, a level seen only five times this year
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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