Coinbase: The crypto bull market is expected to continue into the fourth quarter, with funds and policies supporting the market

According to Golden Finance, Coinbase analysts said that there is still room for the cryptocurrency bull market to continue into the fourth quarter. The report pointed out that strong market liquidity, good macro environment and positive regulatory signals will continue to support the market. Although Bitcoin has often declined in September in the past, this seasonal pattern has not appeared again in 2023 and 2024, and its statistical significance is limited. Coinbase emphasized that the more important factor is the holdings of digital asset treasury (DATs). The currently publicly disclosed treasury holds more than 1 million BTC (about US$110 billion), 4.9 million ETH (US$21.3 billion) and 8.9 million SOLs (US$1.8 billion), providing solid support for the price. Coinbase also noted that the return of retail investors may herald the arrival of an "alt Season". Against the backdrop of a stable macro environment and a continuous influx of funds, large crypto assets will continue to benefit, while small tokens may face pressure to integrate.