News: The crypto market is experiencing a mixed sentiment following the initial surge of Bitcoin ETFs. While institutional adoption via ETFs continues to show strong inflows (e.g., IBIT), Bitcoin's price has pulled back from recent highs, suggesting a 'sell-the-news' event or profit-taking. Macroeconomic data, particularly concerning inflation and interest rate expectations in the UK and US, is influencing broader market sentiment, creating a degree of uncertainty. The potential for Ethereum ETFs and ongoing developments in the Bitcoin ecosystem (Lightning Network, BRC-20) provide longer-term bullish signals, but short-term price action is cautious.

Market Probabilities: 
Bull 45% | Base 40% | Bear 15%

Recommendations: 
Short-term: HOLD
Long-term: BUY
{"sentiment": "bullish", "price_direction": "up", "impact_strength": "low", "timeframe": "medium_term", "confidence": 0.525, "key_reason": "Coinbase's role as a custodian for multiple spot Bitcoin ETFs directly translates to substantial fee"}