Coinbase (COIN) Overvalued? 10x Research Suggests Short COIN, Long BTC Trade
Cryptocurrency exchange Coinbase (COIN), listed on Nasdaq, is rapidly approaching an overvaluation level, according to 10x Research led by Markus Thielen. In a recent analysis, Thielen recommends a strategy involving shorting COIN shares while simultaneously holding a long position in Bitcoin (BTC). The firm believes this “pair trade” is advantageous given current market conditions.












