Analysis: Coinbase Stock Rebounds After Earnings Report, Investors Buy the Dip as Market May Be Nearing a Stage Bottom

Odaily News Coinbase's stock price rebounded the day after the release of its weak quarterly earnings report. Some bottom-fishing capital believes that the market had already fully priced in the negative factors, and the crypto market may be approaching a stage bottom. Market analysis suggests that against a backdrop of lowered expectations and a defensive positioning trend, some investors chose to buy on dips, driving a short-term stabilization and recovery in the stock price. According to Coinbase's previous earnings report, the company experienced weak trading volume and pressure on trading revenue, highlighting the high sensitivity of its performance to digital asset price volatility and retail trading activity. Previously, influenced by the overall weakening sentiment in the crypto market, Coinbase's stock price had fallen for several consecutive weeks and had experienced a significant correction before the earnings release. (Bloomberg)