Bitcoin Coinbase Premium Dips to Four-Year Low Amid Binance Hack Turmoil
Bitcoin's Coinbase Premium has fallen to levels last seen during the FTX collapse, signaling potential market uncertainty.
Bitcoin's Coinbase Premium has fallen to levels last seen during the FTX collapse, signaling potential market uncertainty. Bitcoin (BTC) is trading at R$3.915.302 ($78,401.00), up 0.4% since this brief published. This is an original Kriptometre brief based on reporting by ZyCrypto, with live market data added, as of Mon, 02 Nov 2026 02:07:02 UTC.
The Coinbase Premium serves as a key indicator of institutional demand and market sentiment. Its drop to a four-year low suggests waning confidence and potential capitulation, reminiscent of the FTX crisis period.
- Bitcoin's Coinbase Premium has fallen to a four-year low, last seen during the FTX collapse.
- The Binance $6.4 billion hack has triggered renewed market turmoil.
- Analysts see potential bullish opportunities despite the negative sentiment.
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- Bitcoin Coinbase Premium Dips to Four-Year Low Amid Binance Hack Turmoil — this brief
- Binance Kayıp 6.3 Milyar Dolarlık Hack'i Karşıladı, Kripto Piyasaları Etkiledi
- Binance Yeniden Para Çekme İşlemlerine Başladı: 6.3 Milyar Dolarlık Hack Sonrası
- Binance Hackçı 96 Milyon Dolarlık SOL'u Bitcoin'e Çevirdi: SOL Düşüşünün Nedeni Bu mu?
Bitcoin's Coinbase Premium, a key indicator of institutional demand and market sentiment, has plummeted to a four-year low, according to recent data. This level was last observed in November 2022, during the aftermath of the FTX collapse, when Bitcoin was nearing a market bottom.
The latest downturn comes amid heightened market uncertainty following reports of a historic $6.4 billion security breach at Binance, which is being described as the largest cryptocurrency theft on record. This event has triggered renewed concerns and volatility across the crypto market.
Despite the negative sentiment, some analysts see potential opportunities in the current situation. U.Today reports that expert trader DonAlt believes the Binance hack could create a bullish setup similar to the one that followed the FTX collapse, suggesting a potential market reversal.
In related news, 
XRP is also under scrutiny, with ZyCrypto reporting that it could be nearing another major turning point. This prediction comes from a veteran trader who previously anticipated XRP's impressive 700% rally in 2024.
The broader market remains relatively stable, with the total crypto market cap at $2.68 trillion. Bitcoin is currently trading at $78,110, showing a 0.74% increase in the last 24 hours but a 2.63% decrease over the past week. The Fear & Greed index stands at 37, indicating a 'Fear' sentiment.
Since this brief published about 17 hours ago, Bitcoin (BTC) has moved from R$3.900.769,19$78,110.00 to R$3.915.301,57$78,401.00 — +0.37%.
The chart plots BTC's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Kriptometre's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Yatırım tavsiyesi değildir.
Will Bitcoin reach $80,000 in November?
Crowd-implied probability on Polymarket, 5.59M ₺ 24h volume, resolves 1 Ara — snapshotted when this brief published (2 Kas 00:23 UTC). A market price reflects what traders collectively expect; it is not a forecast by Kriptometre and will have moved since. View the market ↗
At today's peer-to-peer rate, 1 BTC ≈ 4.07M ₺ (about $78,401.00), up 0.8% over 24 hours. The real itself trades about 3.9% above the official rate on the P2P market, so a Turkish buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the assets in this story — live, source-stamped, updated every 15 minutes.
1 key figure independently matched across 2 outlets reporting this story.
Kriptometre extracts the figures each outlet reports and flags the ones that agree. Numbers cited by only one outlet are attributed in the brief, not shown as corroborated.
Bitcoin Coinbase Premium Dips to Four-Year Low Amid Binance — questions & answers
What is the Coinbase Premium and why is it significant?
The Coinbase Premium measures the difference in Bitcoin prices between Coinbase and other exchanges, reflecting institutional demand and market sentiment.
How does the Binance hack impact the crypto market?
The $6.4 billion Binance hack has caused significant market turmoil, leading to increased volatility and uncertainty.
What is the significance of the four-year low in Coinbase Premium?
The four-year low in Coinbase Premium indicates potential market capitulation and waning confidence, reminiscent of the FTX crisis period.
How much is 1 Bitcoin worth in real today?
About 4.07M ₺ at the live peer-to-peer (P2P) USDT rate, which is what Turkishs typically trade at — equivalent to roughly $78,401.00. The real price moves with both BTC's US-dollar price and the USDT/BRL rate; use our Bitcoin in real page for any amount.
Has Bitcoin's price moved since this brief was published?
BTC is up 0.37% since this brief first published — trading at R$3.915.302 ($78,401.00) now versus R$3.900.769 ($78,110.00) at publication. Kriptometre re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Kriptometre brief that synthesises reporting from ZyCrypto. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Kriptometre brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.