Coinbase ($COIN) is experiencing a rebound after testing the $300 support level, with indications of a bullish trend forming. The cryptocurrency has shown a strong performance, with Bitcoin rebounding from $92,000. Notably, a significant trade was recorded involving the purchase of 3,000 June $56 calls at prices ranging from $25 to $26, totaling over $7.5 million. Additionally, there were reports of over $4 million in December calls with high premiums. Investors are optimistic about the stock, with some suggesting potential gains of 2x in the near term. Recent trading activity includes the sale of 1,150 December $275 puts and the opening of 400 June $400 deep in-the-money puts for $5 million. As the market approaches year-end, analysts anticipate further upward movement, particularly if the stock surpasses $320, with a potential target of $350.