Institutional Investors Accumulate Coinbase Shares Amid Market Dip

While retail investors expressed concern over a weekend cryptocurrency selloff, data reveals significant accumulation activity by major financial institutions. Asset manager BlackRock transferred approximately $125.5 million worth of Bitcoin and an additional $2.5 million in Ethereum via Coinbase Prime, a move typically interpreted by market observers as positioning for long-term holdings or ETF-related activities rather than an intent to sell. This substantial inflow into custody solutions suggests large investors are utilizing the recent price weakness to build positions, a strategy commonly referred to as “buying the dip.”

The institutional buying occurred against a backdrop of conflicting signals. Over the weekend, the price of Bitcoin fell below the psychologically significant threshold of $90,000, applying Read more...