星球日报|Dec 03, 2025 02:19
[Coinbase Institutional: Bitcoin Falls Below Bull Market Support Band, Currently More Suitable for Breakout Trades Rather Than 'Catching Falling Knives']
Odaily Planet Daily News – Coinbase Institutional pointed out in its latest research report that as quantitative tightening (QT) approaches its end and the Federal Reserve resumes bond purchases, the pressure of capital withdrawal from the market is easing, which typically benefits risk assets, including crypto assets. Regarding the recent sharp pullback in BTC, the institution provided multiple reasons: Bitcoin has fallen below the key bull market support range; options traders' sentiment has sharply turned bearish; early whales continue to sell; spot Bitcoin ETFs have seen significant net outflows; and the flow of funds in Digital Asset Treasuries (DAT) has slowed down. Coinbase Institutional stated that under the current market structure, a higher probability strategy leans toward 'breakout trades' rather than attempting to 'catch falling knives' during the decline.
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