The actions of the exchange of cryptocurrency co-deemed on Nasdaq Coinbase (Coin) landed from 19.6% to $ 314.69 last week, recording its worst performance since September 2024, according to Data Source TradingView.
Coin on Thursday published its report on the second quarter results, revealing a net operating profit per share of 12 cents, with a drop of 88.8% from one year to the other in net profit.
The turnover of $ 1.5 billion did not drop the estimate of $ 1.59 billion de FactstSet, while Ebidta fell to $ 512 million while transaction income dropped by 39% compared to the previous quarter.
The price sale complies with the analysis of the end of June by the 10x cryptographic research company, which said that the second quarter price rally seemed too long compared to the fundamentals. The company recommended the short-circuit medal when purchasing BTC.
At the beginning of last month, the investment company HC Wainwright highly lowered Coinbase to sell to purchase, saying that the second quarter rally exceeded the fundamentals.
Placement options of coins in demand
The sale has traders to continue the protection of the decrease in the part.
Friday, the one of the one year call, which measures the implicit volatility differential (request) between put and appeal options, has increased to 2.6%, the highest since April 21, according to the Chameleon data source market.
In other words, the installation options, providing insurance against price loss in the underlying assets, have negotiated at a 2.6 volatility bonus for purchase options or bullish bets.
Read more: Bitcoin still on the right track for $ 140,000 this year, but 2026 will be painful: Elliott Wave Expert
