[Coinbase: October Crypto Market Adjustment May Be a Cyclical Bottoming Phase]
Coinbase Institutional pointed out in its monthly outlook report that the crypto market liquidation events in October might signify the beginning of a medium- to long-term strong rebound rather than weakness, laying the foundation for potential gains in the fourth quarter. The report suggests that it may take several months for the market to fully stabilize, with a slow upward trend in the short term being more likely than a rapid breakthrough to historical highs. Current leverage levels have improved, but liquidity gaps remain, and capital is concentrating on EVM chains, RWA, and yield protocols, indicating that investors are selectively reinvesting in risk. Despite ongoing macro risks, structural demand has strengthened, and Coinbase believes the current phase represents a bottoming process before the next round of growth, rather than a cyclical peak.