Coinbase: The crypto bull market is expected to continue into the fourth quarter, supported by funds and policies

ChainCatcher news, Coinbase analysts indicate that the cryptocurrency bull market still has room to extend into the fourth quarter. The report points out that strong market liquidity, a favorable macro environment, and positive regulatory signals will continue to support the market.

Despite Bitcoin often experiencing declines in September in the past, this seasonal pattern has not reappeared in 2023 and 2024, with limited statistical significance. Coinbase emphasizes that a more important factor is the holdings of Digital Asset Treasuries (DATs), which currently publicly disclose holdings of over 1 million BTC (approximately $11 billion), 4.9 million ETH ($2.13 billion), and 8.9 million SOL ($1.8 billion), providing solid support for prices.

Coinbase also notes that the return of retail investors may signal the arrival of "Alt Season." In the context of a stable macro environment and continuous inflow of funds, large crypto assets will continue to benefit, while smaller tokens may face consolidation pressure.