Coinbase: Anticipates Crypto Market to See a Revival Rally in December

BlockBeats News, December 6th, Coinbase Institutional posted on social media, indicating that signs of recovery seem to be gradually emerging. We believe that with the improvement of liquidity conditions, the probability of a Fed rate cut has surged to 92% (as of December 4th), and with continuous macro tailwinds accumulating, the cryptocurrency market may be gearing up for a December recovery rally. The following is the analysis basis:

· Liquidity is recovering

· The so-called "artificial intelligence bubble" has not yet burst (still has room to rise)

· Shorting the US dollar is attractive at current levels

Coinbase Institutional stated that as early as October, it had predicted that the market would undergo a position adjustment (citing its proprietary M2 index) and expected the market to show weakness in November, with a reversal expected in December. This may become the starting line for the cryptocurrency market to re-establish momentum.