Coinbase Institutional Research Head: Market Outlook Will Be Clearer in September
2025-08-20 17:16:48 Primitive Reading

　David Duong, head of institutional research at Coinbase, tweeted that the Jackson Hole meeting and Producer Price Index (PPI) data are just excuses for market participants to reduce risks before the US Treasury Department withdraws a large amount of funds (about $400 billion) from the Treasury General Account (TGA) in the coming weeks. This also explains why Bitcoin, along with many stocks, has lost its upward momentum. However, we believe that the outlook for September looks more promising.

Disclaimer: This specification is preliminary and is subject to change at any time without notice. Amazon Finance assumes no responsibility for any errors contained herein.

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