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Pre-Open Stock Movers 06/30: RH Falls on Warning, Bitcoin Stocks High Again (more...)

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Don't Lose Sight of the Coinbase (COIN) Short Squeeze, Says Oppenheimer

June 30, 2022 1:23 PM EDT

Oppenheimer analyst Owen Lau said in a research note Thursday that the crypto market is in a crisis but warned investors shouldn't lose sight of the potential Coinbase (NASDAQ: COIN) short squeeze.

The recent turmoil in the crypto market appears to be getting worse, stated Lau, pointing to the collapse of Terra/Luna, the Celsius Network pausing client withdrawals, Three Arrows... More