Coinbase Institutional Highlights Three Catalysts That Could Lift Crypto in Q4 2025
Crypto’s year-end setup still skews positive, according to Coinbase Institutional’s fourth-quarter 2025 “Charting Crypto: Navigating Uncertainty” report produced in collaboration with Glassnode.
The team characterizes its stance as cautious but biased higher after the Oct. 10 shakeout. Coinbase links the slide to heavy leverage meeting thin order books, then worsening when some exchanges’ auto-deleveraging capped market-maker shorts and drained liquidity. The firm says prices stabilized into the weekend, but the tape stayed tentative as macro jitters resurfaced.
Liquidity and macro sit at the center of Coinbase’s outlook.
The firm’s Global M2 Money Supply Index — which Coinbase says has historically tracked…
