Coinbase Stock (COIN) Bullish After DEX Rollout – Here’s Why

In today’s livestream, we’re breaking down the latest signals from Bitcoin’s most-watched on-chain investor metrics — including the Investor Tool, Pi Cycle Top, and Sell-Side Risk Ratio. These charts suggest that Bitcoin is far from topping out, with muted profit-taking and cycle indicators showing room for major upside. We’ll also cover the broader macro picture: global rate cuts from the Fed, China’s targeted stimulus, and New Zealand’s surprise move all point to a flood of liquidity entering markets, creating the same setup that fueled past Bitcoin supercycles.

But macro isn’t the only story. The Gaza ceasefire deal, brokered with U.S. support, has lowered global risk sentiment, pulling down oil prices and sparking new debates on how geopolitical stability feeds into Bitcoin and risk assets. At the same time, Coinbase has officially launched DEX trading inside its main app for U.S. users, opening access to millions of tokens on-chain through Base. This is being hailed as a game-changer for retail adoption and DeFi growth. We’ll connect all of this — on-chain signals, macro liquidity, geopolitics, and Coinbase’s DeFi push — into what it means for Bitcoin’s price and the road ahead.