
Coinbase’s Q4 2025 Crypto Forecast: Macro Setups, ETH Demand & Altseason Signals w/ David Duong
The Milk Road Show
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.
In today’s episode, Coinbase’s Head of Research, David Duong, returns to break down what’s actually going on under the hood of this market. From the Fed’s next move to institutional ETH flows, Duong shares the key signals he’s tracking, and why everything may hinge on September.
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David Duong: https://x.com/Dav1dDuong
📃 Disclaimer 📃
The information presented in this video is for educational and informational purposes only. It should not be considered as financial, legal. The views and opinions expressed by the speakers, are their own and do not constitute professional advice. Investing in cryptocurrencies carries significant risks, including the potential for substantial losses.