Coinbase Says Crypto Market Has Hit ‘Reset’ — And December Could Be the Turning Point

Coinbase believes the crypto market is finally entering a “reset” phase — the kind that often comes before a major shift in sentiment. After months of high volatility, heavy liquidations, and inconsistent inflows, the exchange says the market has cleared out much of the excess leverage that was weighing prices down. In simple terms, the unhealthy speculation is being flushed out, leaving room for more sustainable growth.

According to Coinbase’s research team, December could be the month when momentum begins to rebuild. Several catalysts line up: improving liquidity conditions, stronger institutional demand, and a more predictable macro outlook as investors prepare for the next Fed decision. Even ETF flows — which slowed dramatically during recent corrections — are showing early signs of stabilization.

The firm also notes that on-chain data is improving. Long-term holders remain strong, Bitcoin supply on exchanges continues to decline, and Ethereum’s staking flows remain steady despite recent price dips. These are typically signs of underlying confidence even when prices look weak.

Coinbase isn’t calling for an immediate rally, but its message is clear: the worst turbulence may be behind us. If December brings positive macro news or strong ETF inflows, the market could flip quicker than most expect.