Coinbase Research Director: The technical requirements of encryption treasury will provide support for the market in the short term.

Golden Finance reports that David Duong, the research director of Coinbase, tweeted that we believe the technical demand for encryption treasury will provide continuous support for the crypto market in the short term, but the DAT (Digital Asset Treasury) phenomenon has reached a critical turning point. We are no longer in the early adoption phase of the past 6-9 months, but we also do not believe we are nearing the end. On the contrary, we have entered the so-called PvP stage. This is a competitive phase where success increasingly depends on execution, differentiation, and timing, rather than simply replicating the Strategy script.