$1T crypto market drawdown masks Bitcoin’s strong fundamentals: Coinbase exec
Despite a $1 trillion crypto wipeout, a Coinbase executive said Bitcoin’s decline is structural and not bearish since few fundamentals have changed since its September price peak.
Key takeaways:
Bitcoin fundamentals remain intact despite the $1 trillion drop in the crypto total market cap.
Long-term holders and institutional investors continue to absorb Bitcoin’s distributed supply.