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

Coinbase analysts said the cryptocurrency bull market still has room to continue into the fourth quarter. The report pointed out that strong market liquidity, good macroeconomic environment and positive regulatory signals will continue to support the market. Although Bitcoin has frequently seen declines in the past September, this seasonal pattern has not reappeared in 2023 and 2024, and is therefore not statistically significant. Coinbase stressed that the more important factor is the holding of digital asset Treasury bills (DATs). Currently, the publicly disclosed Treasury bills hold more than 1 million BTC (about US$110 billion), 4.9 million ETH (about US$21.3 billion) and 8.9 million SOL (about US$1.8 billion), providing solid support for the price. Coinbase also pointed out that the return of retail investors may herald the arrival of the "altcoin season". Large crypto assets will continue to benefit in the context of a stable macroeconomic environment and ongoing capital inflows, while small tokens may face consolidation pressure.