Coinbase CEO: Retail investors stepping up bargain buying in Bitcoin and Ethereum

Suehyeon Lee

Summary

The Coinbase CEO said that despite the recent market correction, retail investors have continued buying Bitcoin and Ethereum.
He noted that retail users’ native-unit holdings of Bitcoin and Ethereum have increased, reflecting a diamond hands mindset.
He added that as Bitcoin attempts to rebound after a sharp drop, retail bargain buying is viewed as a meaningful signal for near-term supply and demand even as institutional flows have cooled.

Brian Armstrong, CEO of Coinbase, the largest cryptocurrency exchange in the United States, said retail buying has continued even through the latest market pullback.

On the 15th (local time), Armstrong wrote on X that, "Coinbase data shows retail investors are buying during dips in Bitcoin (BTC) and Ethereum (ETH)." He added that retail users’ holdings in native units (coin quantities) have increased for both Bitcoin and Ethereum.

Armstrong also said that "as of February, most customers’ native-unit balances are the same as—or even higher than—those in December last year," underscoring that retail investors are showing so-called “diamond hands,” maintaining positions despite short-term price swings.

With Bitcoin attempting to rebound after a sharp selloff, the fact that retail bargain hunting is emerging even as institutional flows have cooled is seen as a meaningful signal for near-term supply and demand. However, with the macro backdrop and derivatives market structure still embedding volatility, analysts say further confirmation is needed on whether this retail demand will translate into a trend reversal.

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