Coinbase Institutional says a rough November may have created a strong setup heading into the end of the year.
The firm says open interest across Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) perpetual futures has fallen 16% month over month.
In addition, US spot Bitcoin ETFs (exchange-traded funds) saw $3.5 billion in outflows and spot Ethereum ETFs recorded $1.4 billion in redemptions, reflecting broad risk reduction.
Meanwhile, Bitcoin perpetual funding rates also dropped two standard deviations below their 90-day average before stabilizing.
“A rocky November may have set the stage for a December to remember…
So…why the cautious optimism? Because speculative excess has been flushed out.
Our systemic leverage ratio, which tracks purely speculative positioning, has stabilized at ~4%–5% of total market cap, down from ~10% this summer.
Lower leverage = healthier market structure + less vulnerability to sharp drawdowns heading into year-end.”
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The post Coinbase Says Bitcoin and Crypto Turbulence May Have Set Stage for ‘December to Remember’ appeared first on The Daily Hodl.
Coinbase Institutional says a rough November may have created a strong setup heading into the end of the year. The firm says open interest across Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) perpetual futures has fallen 16% month over month. In addition, US spot Bitcoin ETFs (exchange-traded funds) saw $3.5 billion in outflows and spot Ethereum
The post Coinbase Says Bitcoin and Crypto Turbulence May Have Set Stage for ‘December to Remember’ appeared first on The Daily Hodl. Altcoins, Bitcoin, Trading, BTC, coinbase, Crypto, etfs, institutional, News
This articles is written by : Nermeen Nabil Khear Abdelmalak
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