“The crypto exchange also took note of a so-called AI bubble that continues to go strong and a weaker US dollar.”, — write: www.coindesk.com
In a market note shared Dec. 6, the firm pointed to rising odds of a Federal Reserve rate cut next week, now priced at 93% on Polymarket and 86% on the CME’s FedWatch, as a central driver.
Liquidity conditions are also improving, based on Coinbase’s internal M2 index, which tracks monetary flows that impact asset prices. The firm had previously predicted a weak November followed by a rebound, citing similar indicators.
The note also flagged additional tailwinds that could support the rally, among them the expected bursting of the so-called AI bubble that hasn’t happened and a weaker US dollar.
Although remaining lower for the week, bitcoin did manage to rise from its worst levels, perhaps fueled by institutional headlines like Vanguard’s crypto ETF policy reversal, Bank of America greenlighting its wealth advisers to recommend allocations of as much as 4% of portfolios in crypto.
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence’s Token Security API averaged 717 million monthly calls year-to-date in 2025, with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch, the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B, while derivatives volume peaked the same month at over $4B.
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As the gap between spot bitcoin price and the power law widens, investors are left questioning whether mean reversion is coming or if another cornerstone model is approaching its end.
- Bitcoin has largely tracked its long standing power law trend this cycle, although it now trades about 32% below the model.
- Earlier models like stock to flow have already failed, with its current implied valuation near $1.3 million per bitcoin
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