{"id":70154,"date":"2022-11-16T14:14:43","date_gmt":"2022-11-16T12:14:43","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=70154"},"modified":"2025-09-08T00:25:22","modified_gmt":"2025-09-07T21:25:22","slug":"coinbase-analysts-forecast-prolonged-crypto-winter-due-to-ftx-collapse","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/coinbase-analysts-forecast-prolonged-crypto-winter-due-to-ftx-collapse\/","title":{"rendered":"Coinbase analysts forecast prolonged crypto winter due to FTX collapse"},"content":{"rendered":"<p><a href=\"https:\/\/u1f987.com\/en\/news\/ftx-group-files-for-bankruptcy-sam-bankman-fried-resigns-as-ceo\">FTX collapse<\/a> undermined investor confidence and could prolong the crypto winter until the end of 2023. Coinbase analysts hold this view.<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">All this means that remediation will take time and the winter may take a few more months to work through the system. END\/<\/p>\n<p>Read the full report here \ud83d\udc47 <a href=\\\"https:\/\/t.co\/1rt9tkluNh\\\">https:\/\/t.co\/1rt9tkluNh<\/a><\/p>\n<p>\u2014 Coinbase Institutional (@CoinbaseInsto) <a href=\\\"https:\/\/twitter.com\/CoinbaseInsto\/status\/1592601173327912960?ref_src=twsrc%5Etfw\\\">November 15, 2022<\/a><\/p><\/blockquote>\n<p> <script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>Events around FTX have led to deleveraging of short positions and the exit of large buyers, increasing vulnerability of the crypto market. Not ruled out are \u201csecond-order effects\u201d that could affect clients and counterparties of the bitcoin exchange and its affiliated Alameda Research.<\/p>\n<p>In addition to FTX-related bankruptcy proceedings, investors will continue to monitor interest-rate dynamics, Coinbase said.<\/p>\n<p>If macro conditions improve, the market could recover from the shock within a few months. Analysts doubted an improvement in the macro backdrop in January after the dollar&#8217;s current softness in light of <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-climbs-back-above-17000-as-us-inflation-data-is-released\">encouraging inflation data<\/a>.<\/p>\n<p>Liquidity is expected to remain poor through year-end. Stablecoins&#8217; dominance rose to 18% of total market capitalization, which had fallen from $1 trillion at the start of the month to $800 billion following the FTX collapse.<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p><em>The combination of increasing<\/em><a href=\"https:\/\/u1f987.com\/en\/news\/what-are-hashrate-and-mining-difficulty-in-cryptocurrencies\"><em> hash rate<\/em><\/a><em> (which increases difficulty), rising energy costs and lower prices has led to increasingly strained conditions for Bitcoin miners,<\/em> the report says.<\/p>\n<\/blockquote>\n<p>BlockFi<a href=\"https:\/\/u1f987.com\/en\/news\/wsj-blockfi-to-file-for-chapter-11-bankruptcy\"> will file for bankruptcy<\/a> after the start of FTX restructuring, according to WSJ.<\/p>\n<p>Earlier, Binance CEO Changpeng Zhao <a href=\"https:\/\/u1f987.com\/en\/news\/changpeng-zhao-warns-of-a-cascading-crisis-in-the-crypto-industry\">compared<\/a> the current industry situation with the 2008 financial crisis. He said that in the coming weeks even more companies could fail.<\/p>\n<p>Prior to Zhao, Circle co-founder and CEO Jeremy Allaire <a href=\"https:\/\/u1f987.com\/en\/news\/circle-ceo-compares-the-ftx-crisis-to-lehman-brothers-collapse\">compared<\/a> the problems at FTX with the Lehman Brothers collapse, which sparked the 2008 crisis.<\/p>\n<p>Read ForkLog&#8217;s Bitcoin news in our <a href=\\\"\/\/telegram.me\/forklog\u201d\\\" target=\\\"\u201c_blank\u201d\\\" rel=\\\"\u201cnofollow\u201d noopener\\\">Telegram<\/a> \u2014 cryptocurrency news, prices and analytics.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The FTX collapse undermined investor confidence and could prolong the crypto winter until the end of 2023. Coinbase analysts hold this view.<\/p>\n","protected":false},"author":1,"featured_media":70155,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[138,1269,1138],"class_list":["post-70154","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-coinbase","tag-cryptocurrencies","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"29","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/70154","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=70154"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/70154\/revisions"}],"predecessor-version":[{"id":70156,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/70154\/revisions\/70156"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/70155"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=70154"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=70154"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=70154"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}