Coinbase CEO Brian Armstrong Sees Crypto Bull Market Starting Soon

Coinbase CEO Brian Armstrong says crypto spot trading is close to its next bull market, citing prior bear cycles that each ran roughly 370 to 380 days. He spoke on CNBC after President Donald Trump hosted crypto executives and regulators at the White House.

Bitcoin (BTC) has since climbed above $78,000. Trading Activity Had Been Sliding for Months Armstrong’s call follows a long stretch of thinning volumes and volatile prices.

Spot turnover across 14 major exchanges dropped 21.7% in July to $429.0 billion from $547.9 billion in June, according to Wu Blockchain. Every one of the 14 venues posted a monthly decline. Binance led with $196.5 billion, or 45.8% of the total.

Coinbase recorded a 26.4% drop, the second steepest after Bitfinex at 59.7%. Derivatives cooled too, falling 11.1% to $3.03 trillion. However, the futures-to-spot ratio climbed to 7.06x from 6.21x, showing traders leaned harder into leverage.