Coinbase analysts are cautiously hyping up December as a potential turnaround month for crypto.😂 Their logic: global liquidity is improving, there's a 92% probability of a Fed rate cut, and macro headwinds are finally shifting in our favor.
But here's the reality check. The market is still drowning in fear, institutional and retail capital are sitting on the sidelines like nervous spectators, and Bitcoin has been underperforming stocks so badly it would make any HODLer cry. All eyes are on Jerome Powell's December 10 speech. One wrong word from him, and that Christmas rally everyone's dreaming about? Gone.