Coinbase has characterized the October cryptocurrency market sell-off as a necessary reset rather than a terminal decline. The exchange highlighted that the market's excess leverage has been purged, maintaining strong fundamentals. Institutional investors are reportedly re-entering the market, suggesting renewed confidence. Analysts from Coinbase anticipate a gradual upward trend in the coming months, with Bitcoin and Ethereum expected to lead the recovery. This outlook suggests that the recent downturn may pave the way for a more stable growth phase in the crypto sector.