Coinbase Premium falls to -$122, a level seen only five times this year

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.