THE APEX TIMES
Coinbase CEO Brian Armstrong poll suggests most traders expect Bitcoin weakness to continue after BTC slips below $60,000
In a new poll shared by Coinbase’s chief executive, most respondents said Bitcoin has not yet reached a bottom, pointing to macro shocks and the risk created by leveraged positions.
Bitcoin’s move below $60,000 has intensified a debate over whether the market has already found a floor, with Coinbase CEO Brian Armstrong’s latest online poll indicating that most respondents expect further losses before stabilization. The poll, discussed in a market report published by Yahoo Finance and carried by CCN, asked participants whether they believe Bitcoin has hit its bottom. The majority response, according to the report, leaned toward “no,” implying that recent declines may continue rather than reverse immediately. Several drivers highlighted in the discussion centered on geopolitical and energy-market spillovers. The report attributes part of the near-term bearish tone to US-Iran tensions, which it says have been weighing on risk sentiment. In the same framing, rising oil prices are treated as another macro factor that can pressure broader markets and crypto traders, especially those positioned for steady liquidity conditions. The report also points to market microstructure risks, specifically leveraged liquidations. When traders borrow to amplify returns, a sharp price move can force them to exit positions as margin requirements are triggered, accelerating declines and making any recovery harder until leverage is reduced. In this narrative, the prospect of additional liquidations is presented as one reason that many poll respondents believe Bitcoin has not yet bottomed. Coinbase’s involvement in the discussion matters because it sits at the intersection of retail and institutional crypto trading in the United States. Coinbase provides trading, custody, and other crypto-related services, and its leadership frequently uses these channels to comment on market conditions and user sentiment. A poll shared by its CEO is not a formal forecast, but it can be read as a barometer of how traders in its ecosystem are interpreting the current cycle. There is also a timing and disclosure caveat. The report describes the CEO poll and the factors participants cited, but it does not provide detailed methodology, including how many people voted, whether the pool was representative, or how the poll results were distributed across time horizons. It also does not specify what Coinbase’s own internal view is, beyond the CEO’s participation in the discussion. As with any social poll, the results should be treated as sentiment rather than a quantified trading model. For investors watching crypto markets, the key question remains whether leverage-driven downside is already largely “cleared.” If liquidations are the primary catalyst, then further declines could eventually slow once forced selling exhausts. If instead macro pressure deepens, such as sustained geopolitical risk and broader financial tightening, then the market may remain vulnerable even if near-term liquidation flows cool. The next indicates to watch are changes in volatility and whether BTC regains levels that can reduce the need for forced exits among highly leveraged traders. As of the report date, the only concrete guidance from Coinbase’s leadership is the direction of the poll sentiment: most respondents in the poll expected more downside rather than a quick turnaround. Anything beyond that, including the timing of a potential bottom, was not disclosed in the publication and should be treated as uncertain.
keyFacts: [
Why It Matters
- If traders believe further liquidation risk remains, price swings could stay larger and recoveries may face more selling pressure.
- Geopolitical and energy-market shocks can influence liquidity and risk appetite, feeding into crypto correlations with broader markets.
- Poll-based sentiment can affect how closely retail investors track risk indicates, even though it is not a substitute for on-chain or derivatives data.
- For Coinbase, leadership engagement in market commentary can shape user and market expectations during volatility, even when Coinbase does not change policy or guidance in the same announcement.
Sources
Key Facts
- Coinbase CEO Brian Armstrong shared a poll in which most respondents said Bitcoin has not yet reached its bottom.
- The discussion followed Bitcoin moving below $60,000, according to the market report.
- The report linked the bearish tone to US-Iran tensions and rising oil prices as macro pressures.
- Leveraged liquidations were cited as an additional reason participants expected further losses.
- The publication characterized the poll as sentiment, without presenting it as a formal forecast or quantified model.
Finance Related
Mastercard pushes a stablecoin-ready payments “switchboard,” aiming to make crypto rails easier for banks
Mastercard says its newly launched Global Money Platform, built with BVNK, is designed to let financial institutions and enterprises offer multi-currency accounts that can hold both traditional money and stablecoins through a single application programming interface (API).
BlackRock Investors Weigh How Private Markets and Active ETFs Could Change Fee Streams
A recent market note highlights how BlackRock’s push deeper into private markets and active exchange-traded funds may affect the stability and mix of its recurring revenue as markets move through different cycles.
Berkshire’s Mind-Bender: Yahoo Finance questions why BRK.B is backing richly valued Bending Spoons
A Yahoo Finance post dated Oct. 16, 2026 highlights a valuation puzzle around Berkshire Hathaway’s interest in Bending Spoons and asks what the conglomerate sees that the market prices out.
Buffett’s Coca-Cola bet: an estimated $1.3 billion outlay for Berkshire, now roughly valued near $37 billion, according to market commentary
A market recap is pointing to the scale of Warren Buffett’s long-running investment in Coca-Cola as analysts revisit the bargain price versus today’s valuation.
Berkshire Hathaway Class B Shares Rise as Market Pulls Back
Berkshire Hathaway B (BRK.B) ended the latest session higher, gaining 1.21% to close at $532.02, according to Yahoo Finance.
Goldman Sachs earnings beat shifts the debate on what matters next for its stock
A stronger-than-expected third-quarter profit, supported by equities activity and investment banking fee momentum, may alter how investors judge the sustainability of Goldman’s earnings power.
Bank of America flags “history repeating” concerns as big banks keep spending on AI buildouts
A Bank of America strategist’s warning about an “old pattern” is landing as large lenders step up investment in artificial intelligence, raising questions about whether the technology spending cycle will translate into durable results.
Visa shares rise about 11% in October as Wall Street’s earnings expectations appear to hold steady, with Oct. 27 now in focus
Visa’s stock has gained roughly 11% through October while analysts’ earnings estimates are described as largely unchanged, shifting attention to what the company will need to deliver by Oct. 27.
Bank of America reports Q3 results, cites AML and sanctions penalty tied to regulatory action
A regulatory penalty related to anti-money laundering and sanctions compliance weighed on Bank of America’s third-quarter earnings, pressuring the bank’s bottom line and adding to investor focus on compliance costs across large lenders.
Bank of America authorizes preferred stock cash dividends for November and December 2026
The bank’s board approved regular payments on outstanding shares or depositary shares of multiple series of preferred stock, payable later this year.