Christopher Brendler, an analyst at DA Davidson, with a bullish price target of $70 on Coinbase, said that while the collapse of FTX was damaging, he expects Coinbase to gain market share. "Fortunately, COIN isn't directly exposed and should benefit from share gains and pricing power. While a knee-jerk regulatory response is another risk, clarity could help investor demand rebound," Brendler said in a note to clients on Nov. 15. S3's data also revealed that payment processing company Block, formerly known as Square, faces the largest short interest in dollar value terms.