Former Coinbase Global Head of Investment Research (@CoinbaseInsto) Views are my own opinions. Nothing I say here is investment advice.
accuracy score 53.6 on BTC over 45 BTC calls · 649 days of data · rank 109 of 141 BTC analysts (top 77.3% of the pool) · top 7.27% of an estimated 1,500 BTC analysts worldwide · v20r-multi-sparsepen-strong-ss12m-20261012, computed Nov 6, 2026 · Methodology →
Cite asCryptoQuant has tracked 45 directional calls on BTC by @DavidDuong on X since Mar 2021: ranked #109 of 141 analysts scored on BTC by accuracy — in the Top 10% of an estimated 1,500 BTC analysts worldwide (as of Nov 11, 2026).
Relative view by default: David Duong leans one way on 91% of days, so a softer or opposite tone stands out against their usual stance.
Sentiment timeline shows relative sentiment within this analyst's history. A perma-bull showing 8 bullish : 2 bearish in a bear market sets that as their baseline. If you notice any errors, claim @DavidDuong to submit corrections.
Hover the chart to read the thesis of that period · click a day to pin it
I'm waiting for markets to pick up after Jackson Hole and for BTC to appreciate towards end-Q3 or early Q4. On the other hand, my boss used to remind me that you can pick the direction or you can pick the timing, but you rarely nail both. https://t.co/yW6tpmWogB
View original →As the Iran ceasefire headlines hit and BTC starts to catch a bid again, options are pricing an unusually wide cone of outcomes over the next year. Below we map the BTC straddle/strangle breakeven paths as a probability cone showing you how the market is trying to reconcile a potential de-escalation in the Gulf, shifting expectations for global liquidity, and the residual “war premium” embedded in BTC volatility.
View original →In this episode of Coinbase Markets Podcast, we cover everything from Iran peace talks and the equities earnings backdrop to bitcoin’s increasingly important test near $80K. We discuss why rising spot ETF inflows and tighter float have made BTC’s rebound more meaningful, but not yet a confirmed regime shift, and why the short-term holder cost basis remains the key level to watch. We also examine the fallout from the KelpDAO exploit, how AI may increase the risk in DeFi, and why prediction markets have evolved from a niche crypto product into a multi-billion-dollar industry driven by sports, geopolitics, and changing user behavior.
View original →We've got a busy week in markets coming up: 1⃣U.S. / Iran peace talks (or standoff) 2⃣Month-end, when we tend to see meaningful portfolio rebalancing activity from large institutional investors 3⃣Earnings from key tech firms including Amazon, Apple, Google, Meta and Microsoft 4⃣Fed’s FOMC meeting, though this may have less significance from a policy perspective (post meeting press conference may still offer some insight) Plus, robust U.S. tax receipts have recently replenished the U.S. Treasury General Account (TGA balance) to over $1T in April, which should give way to a better liquidity backdrop when the government begins its scheduled outlays in May Amid all that, bitcoin’s recent rebound looks meaningful because real demand grew amid a tightening float. Yes, the break above $75k was probably driven in part by the spike in short liquidations, but "short squeeze" oversimplifies what may be happening. Many important trend reversals and market structure breaks have started with liquidation-driven moves. The forced buying from shorts can be the catalyst that gets price through a key technical or onchain threshold, and once that threshold breaks, real demand can step in behind it. From here, we view bitcoin’s short-term holder cost basis near $80K as a critical level. (For reference, the short-term holder (STH) cost basis refers to the average onchain acquisition price of wallets holding coins for less than 155 days.) If bitcoin can reclaim and hold the $80K level, the move could start to look less like a bear-market rally and more like a transition back toward a constructive trend.
View original →Coinbase Quantum Advisory Council Publishes Position Paper on Quantum Computing and Blockchain https://t.co/T0HeYD4dgG
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