Coinbase had a bad earnings recently followed by customers flooding for the exit. On top of that the crypto market was taking a massive hit. With customers leaving coinbase and selling any shares they held or shorting it, institutional investors seem to have stepped in and bought it all up? 50% of volume is reported buys from institution…. So this leaves me thinking that only the buy side is showing on lit exchanges. During a massive dump of shares, and insane loss of customers, and liquidity issues arising leaving coinbase scrambling to buy crypto at a loss, the price has gone up… wait the price has gone up? Is it possible that during a massive sell off instead of this stock crashing it has taken off? Is this possible? In conclusion; fuck Coinbase
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