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Coinbase’s Q4 2025 Crypto Forecast: Macro Setups, ETH Demand & Altseason Signals w/ David Duong

The Milk Road Show

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Liquidity and Market Dynamics

This chapter delves into the role of liquidity in asset markets, particularly cryptocurrencies, and examines the effects of Federal Reserve rate cuts. It highlights the implications of M2 money supply levels and investor behavior, contrasting institutional and retail investment strategies.

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