$1T crypto market drawdown masks Bitcoin’s strong fundamentals: Coinbase exec

Despite a $1 trillion crypto wipeout, a Coinbase executive said Bitcoin’s decline is structural and not bearish since few fundamentals have changed since its September price peak.

Key takeaways:

Bitcoin fundamentals remain intact despite the $1 trillion drop in the crypto total market cap.

Long-term holders and institutional investors continue to absorb Bitcoin’s distributed supply.

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