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Coinbase gives a neutral outlook for the Q2 market, citing macroeconomic uncertainty

By: rootdata|2026/04/08 11:42:00
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According to Cryptopolitan, Coinbase Institutional has given a neutral outlook for the second quarter market, citing macro and geopolitical uncertainties such as the Iran conflict that make predictions highly unreliable.

Coinbase referenced a Bank of America fund manager survey indicating that cash holdings rose nearly one percentage point to 4.3% in a single month, the fastest accumulation rate in five years. Despite the recent S&P 500 experiencing declines of three to four standard deviations, btc-42">Bitcoin only underwent a one standard deviation pullback, showing relative strength. The U.S. spot Bitcoin ETF recorded approximately $471 million in net inflows on April 6, marking the strongest single-day performance in six weeks, with BlackRock's IBIT leading the way.

The institutional holding ratio has increased from 24% a year ago to about 38%, with hedge funds, pension funds, and others collectively holding over $40 billion in shares. Morgan Stanley began listing its Bitcoin ETF on the NYSE on April 8, becoming the first major U.S. bank to directly issue a spot Bitcoin ETF.

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