PANews reported on November 9th that Coinbase Institutional stated in its monthly outlook report that although the crypto market remains shrouded in panic, the liquidations in October are more likely to foreshadow a strong medium- to long-term rebound rather than weakness, laying a good foundation for a rise in the fourth quarter. However, a full market stabilization may take several months, and currently, a slow rise is more likely in the medium term than a surge to all-time highs.
The report notes that while leverage levels have improved, liquidity gaps persist. Capital is rotating, with savvy investors converging around EVM chains, RWAs, and yield protocols—indicating selective risk reinvestment rather than withdrawal. Macroeconomic risks remain, but structural demand is strengthening. Coinbase ultimately concludes that this is a bottoming phase before the next upward move, not a cyclical top.

