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Coinbase’s Crypto Surge Hits a Wall: Compass Point Slams Valuation, Downgrades to Sell
Coinbase’s Crypto Surge Hits a Wall: Compass Point Slams Valuation, Downgrades to Sell
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Wall Street's crypto darling stumbles as analysts call time on the rally.
Compass Point pulls no punches—Coinbase's 'stretched' valuation can't justify the hype. The sell-side knives are out.
When the music stops
No more free leverage. No more ETF tailwinds. Just old-fashioned math that says 30x earnings might work for AI—but not for an exchange facing regulatory headwinds.
The institutional shrug
Traders rotate to cheaper plays. Retail FOMO dries up. Another reminder that in crypto, 'fundamentals' are just what bagholders yell before the margin calls hit.
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