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

Odaily News Coinbase's stock price rebounded the day after announcing weak quarterly earnings. Some dip-buying capital believes that the market had already fully priced in negative factors, and the crypto market may be approaching a phase bottom. Market analysis suggests that with expectations already lowered and positioning becoming defensive, 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's trading volume weakened and trading revenue came under pressure, highlighting the high sensitivity of its performance to digital asset price volatility and retail trading activity. Previously, affected by the overall weakening sentiment in the crypto market, Coinbase's stock price had fallen for several consecutive weeks and had already experienced a significant correction before the earnings release. (Bloomberg)