Coinbase: Crypto Rally Faces Headwinds Despite New Highs, Bitcoin Rangebound Until 2024 Halving

• Coinbase forecasts headwinds and limited gains for crypto markets in short term despite reaching new ATH • Liquidity no longer main setback, but macro and technical factors may limit further gains • Expiration of funding programs and quarterly rebalancing may tie up liquidity • Bitcoin expected to trade in narrow range until next event - bitcoin halving in April • BlackRock's bitcoin ETF has attracted over $10 billion in net inflows in just two months