Coinbase reports Bitcoin (BTC) is entering a recovery phase this December, fueled by increased liquidity and shifting market dynamics. According to a recent report, expectations for a Federal Reserve (Fed) benchmark interest rate cut have surged to 90%, boosting overall market sentiment. This improved liquidity, coupled with a record high M2 money supply of $22.3 trillion, is creating a more favorable environment for cryptocurrency investments. Furthermore, the report highlights a significant decrease in selling pressure from long-term Bitcoin holders, easing the burden on Bitcoin's supply. Coinbase suggests that these factors, combined with the potential inflow of new funds, could stimulate a resurgence of risk-seeking capital within the crypto market. While the future remains uncertain, the current indicators point towards a positive trend for Bitcoin and the broader cryptocurrency ecosystem as we approach the new year. The potential Fed rate cut is key to sustaining this upward momentum. ```