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Coinbase Report Says Capitulation Mostly Over, Bitcoin Supply Shock In Play

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According to research from Coinbase, the worst of the crypto market's macro capitulation is over, with a bullish second half of 2022 arriving.

The exchange published a report which outlined several factors for its findings. Specifically, Ethereum's shift to proof-of-stake (PoS), which would reduce ETH supply and, ideally, make it a deflationary asset, is something bulls can anticipate, according to the report. Another factor might be the "commoditisation of Ethereum layer-2 networks," which would result in new L2 tokens and possibly a new crypto investment category.

The report also highlighted that incoming regulatory clarity in the US will ground confidence for investors.


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