Coinbase：美联储重返债市带来流动性改善，但比特币仍因多重压力走弱

Core Insights - Coinbase Institutional indicates that despite the end of quantitative tightening and the Federal Reserve's return to the bond market improving liquidity, Bitcoin is facing multiple pressures leading to a decline [1] Market Conditions - Bitcoin (BTC) has broken below a key bull market support level [1] - The sentiment in options trading has turned bearish [1] - Significant selling pressure from OG holders continues [1] - There has been a substantial net outflow from spot ETFs [1] - Financial activity (DATs) has noticeably slowed down [1] Investment Strategy - Coinbase suggests that the current market environment is more suitable for waiting for a breakout rather than making hasty bottom-fishing attempts [1]