Cripto in a bear market, jump probably in K3 – coinbase

The Market Monthly Market Review in American coinbase Cripto Chioinbase shows that and while the crypto market agreed, it seems to have grown for a better quarter.

According to Coinbase 15 April per month odds For institutional investors, markety Capant AltCoin is reduced by 41% since December 2024. years in the amount of $ 1.6 trillion to 950 billion dollars until mid-April. The data on BTC tools show that this metric touched lower 906.9 billion dollars 9. April and amounted to 976.9 billion dollars at the time of writing.

Fighting capital financing for CRIPTO projects, as it is reported, decreased by 50% -60% of 2021-22. In the report, the global chief of Coinbase research, David Duong, emphasized that the new crypto winter may be on us.

“Several converging signals can indicate the beginning of the new” crypto winter “, because some extreme negative feeling has set for the beginning of global tariffs and potential for further escalation,” he said.

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Macroeconomic distress causes cryptic turmoil

The report notes that lower risk capitalist interests “significantly limits new capital rewards in the ecosystem”, which feels primarily in the Altcoin sector. The cause, according to Duon, is the current macroeconomic environment:

“All these structural pressures arise from the uncertainty of the wider macro, where traditional risky funds faced traditional fiscal draw and tariff policy, contributing paralysis in making investment decisions.”

According to the designers of the waite, these facts resulted in a “difficult cyclical look of space of the digital asset”, and order continuing caution in the next four to six weeks. However, the author’s author said the market is likely to change directions explosively:

“When feeling is finally reset, it will probably happen quickly and remain constructive for the second half of 2025.”

Duong quoted some metrics to indicate when the Market Market Market between phases in the bull and bear marketIncluding the performance-friendly performance and 200-day average.

Another metric was Bitcoin (Btc) Z-result, which compares market value and realized value for identification of overloaded and overdue conditions. The ZS result shows how unusual is the price of price compared to historical data.

This metric “naturally makes Cript’s greater volatility”, but is also slow to react. This metric stresses to generate several signals in stable markets. The Coinbase model, based on her, found that the bull market ended at the end of February, but since then he considered a neutral market.

Instead, coinbase’s analyst suggested that a 200-day transitional average is a better indicator for determining market trends. He smoothes short-term noise while relevant given this data consideration for 200 days.

The report also said to make a broader trend of the crypt market by the direction in which Bitcoin moves more and more reliable. This is because CRYPTO expands into new sectors with decentralized finances (Depin), artificial intelligence agents and more and more, all with certain market forces independently of Bitcoin.

Related: Bitcoin wide range of prices to continue, no longer a “long only” bet – analyst

Are we in the bear market?

Duong points out that the 200-day average average suggests that Bitcoin recent dropped in the territory of bears in the market at the end of March. However, applying the same model to the KOIN50 tavern based on the first 50 crypts of funds shows the bear market from the end of February.

Recent reports indicated that Bitcoin shows growing resistance to macroeconomic point Compared to traditional financial markets. “The fall of Bitcoin was relatively modest, audit levels of prices from the surrounding period in the United States”, according to Wintermute.

Duong See Bitcoin becomes less generalized crypto indicator as a consequence of this trend. He wrote:

“As the role of Bitcoin as a” Value Store “, we think that a holistic assessment of the crypt’s aggregate market activity will be needed to better define the taurus and bears for the property class.”

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