Coinbase (COIN.US) CEO sets $400,000, BTC plummets 5.4% intraday

According to Woofun AI, the CEO of Coinbase (COIN.US) sent a strong bullish signal for BTC, but the immediate reaction of the market showed a divergent trend.

The executive clearly stated that the $400,000 Bitcoin price is within a reasonable range during the current cycle, and this judgment provides an anchor for long-term value.

However, the actual market did not follow suit at the same time. According to data compiled by Woofun AI, the Bitcoin spot price experienced a sell-off in the intraday period, and the decline rapidly expanded to 5.4%.

The sharp contrast between this view and the market situation revealed that short-term market sentiment questioned the Coinbase (COIN.US) CEO's $400,000 forecast. BTC's 5.4% pullback shows that despite optimism from authorities, instant liquidity still dominates market fluctuations.