The activity on Coinbase reflects the situation of US investors as it is already the largest exchange in the country in terms of volume. Especially to understand the interest of individual US investors in cryptocurrencies Coinbase Premium It is constantly monitored and there is no good picture these days. Poppe focuses on Arbitrum and Fidelity is hopeless.
Coinbase Premium and Fidelity
Jurrien Timmer, Fidelity’s global macro director, argues that bear markets have now arrived and the journey to $65,000 has begun. Fidelity, a trillion-dollar asset management company, has been closely involved with cryptocurrencies for years. Jurrien, in the long run to BTC Although he looks optimistically, he surprisingly “stubbornly” maintains that the four-year cycle story continues.
BTC’s record high of $126,000 on October 6 was a peak consistent with previous cycles in both price and timing. In the cycle peak predictions in 2023 and 2024, we looked at the decreasing earnings rate from year to year and wrote that BTC could peak around 120 thousand dollars in this cycle. However, in those days, Trump was not President and we did not experience many positive developments supporting cryptocurrencies.
Coinbase Premium We were happy when it turned positive again this month, but it didn’t last as long as we expected. It turned negative again and has been in the red zone for 7 days. This situation shows that US investors have less appetite than the general market and are cautious about cryptocurrencies. So it’s pretty bad.
When this metric is red, declines occur faster with the US market opening and we see that the selling pressure becomes stronger when the US wakes up. The outlook is negative as we enter the holiday week.
Arbitrum (ARB)
One of the biggest layer2 solutions, but its failure in terms of both inflation and token utility ARB price It caused him to fall badly. Everyone due to strong TVL and network activity ARB Coin While we expected him to make huge profits, he did the exact opposite.
Despite this, Michael Poppe is hopeful and expects an increase.
“ARB I remain cautiously optimistic about this. From a fundamental perspective, there is great momentum and sustained growth.
How?
TVL is constantly growing every year, DEX volume is also starting to accelerate, and the number of active accounts and transactions continues to increase. From a technical perspective, a strong bullish divergence has formed, indicating that there may be upward momentum. This upward trend had begun to occur since January 25.”
