Sell Coinbase Before Derivatives Squeeze Crypto Giant, Says Compass Point
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Compass Point analysts warn of a derivatives squeeze on Coinbase, reiterating a $140 price target. They predict fierce competition in the derivatives space will weigh heavily on the company's stock. The bearish forecast suggests a potential decline in Coinbase's market value, which could have significant implications for the broader cryptocurrency market and its investors.
Compass Point analysts reiterated a bearish $140 price target for Coinbase, warning of fierce competition in the derivatives space.