Coinbase CEO: “Investors Made Huge Buys of Bitcoin (BTC) and This Altcoin During the Decline!”

Some investors saw the sharp decline in Bitcoin and altcoins as a buying opportunity and increased their holdings.

At this point, the Coinbase CEO stated that individual investors buy cryptocurrencies during price drops.

Coinbase CEO Brian Armstrong, posting from account X, stated that individual investors tend to buy crypto during price dips.

Armstrong noted, based on Coinbase’s internal data, that individual investors consistently buy Bitcoin (BTC) and Ethereum (ETH) when prices fall, and that trading volume increases with price declines.

Armstrong also highlighted that individual investors exhibit a trend known as “diamond hands,” holding onto their assets even during short-term price fluctuations: “Most of our clients’ local unit balances as of February were the same as, or even higher than, those they had in December of last year.”

While recovery attempts continue following the sharp decline in Bitcoin and altcoins, the fact that individual investors are buying at low prices despite the sluggish inflow of institutional funds is interpreted by experts as an important signal in terms of short-term supply and demand. However, given the macroeconomic environment and the structure of the derivatives market, it is noted that more catalysts are needed for the increasing retail demand to reverse the trend.

*This is not investment advice.

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