Analysis: Coinbase's stock price rebounded after its earnings report, suggesting investors may be buying on dips and the market may have reached a temporary bottom.

Coinbase's stock price rebounded the day after releasing weak quarterly earnings. Some bargain hunters believe the market had already fully priced in the negative factors, and the crypto market may be nearing a bottom. Market analysts believe that with expectations lowered and positions becoming more defensive, some investors chose to buy on dips, driving the stock price to stabilize and rebound in the short term. Coinbase's previous earnings report showed weakening trading volume and pressure on trading revenue, highlighting the company's high sensitivity to digital asset price fluctuations and retail trading activity. Previously, affected by weakening overall crypto market sentiment, Coinbase's stock price had fallen for several weeks, experiencing a significant correction before the earnings release. (Bloomberg)