Derived from CoinPaper, Coinbase Institutional has attributed Bitcoin's recent decline to a combination of market signals and a growing wealth divide in the U.S. economy. The firm highlights weakening technical support, ETF outflows, and a concentration of wealth among a small group of investors as key factors. Coinbase also notes that long-time whale investors are selling during the downturn, while digital asset traders are reducing activity. The report further links the crypto volatility to macroeconomic concerns and the dual impact of AI on labor and investment behavior.
Coinbase Attributes Bitcoin's Slide to Market Signals and Wealth Inequality
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