Coinbase Institutional: The intensification of high speculation in sector rotation exacerbates the decline of altcoins, with DeFi performing the best

Coinbase Institutional posted that the overall cryptocurrency market (represented by the COIN50 index) fell by 18.47% in November. The 90-day trend shows a downward trajectory, global liquidity is decreasing, and the Federal Reserve's hawkish comments have intensified risk-averse sentiment.

Funds continue to rotate out of more speculative market segments, exacerbating the decline of altcoins, with only a few altcoins rising against the trend. Among all categories, DeFi performed the best, with a decline of only 6.7% compared to other categories that clearly showed risk-averse sentiment.