Cryptocurrency exchange Coinbase has issued a stark warning about potential market downturns in the industry. The platform highlights key reasons for the bearish outlook, including decreased venture capital funding and declining investment levels. 📈 This report from David Duong, Head of Institutional Research at Coinbase, points to significant technical indicators suggesting a bear market for major cryptocurrencies since March. These signals mirror past downturns that occurred due to global fiscal tightening. The report emphasizes the impact of macro uncertainties on investor sentiment and decision-making, particularly in the face of stalled investments from venture capital firms and traditional risk assets facing headwinds from fiscal policies and tariffs. 💼