Seasonal Pattern or Market Myth?

There is a recurring narrative that Bitcoin and the broader crypto market sometimes experience weakness ahead of the Lunar New Year. The reasoning behind this theory suggests that Asia-based investors may reduce exposure before the holiday to increase cash holdings, creating short-term selling pressure. In certain past cycles, BTC did post pullbacks in the days leading up to the holiday period.

However, this pattern has not been consistent. In several instances, Bitcoin prices moved higher shortly after the celebrations concluded. Moreover, today’s crypto market structure is far more globally diversified than in earlier years. With capital flows distributed across multiple regions, it is increasingly unlikely that a single regional holiday alone can dictate overall price direction.

At the same time, retail investor behavior presents a contrasting dynamic. Recent data indicates that February balances for BTC and ETH are equal to or higher than December levels, suggesting that many individual investors are continuing to accumulate during dips rather than exiting positions. If this accumulation trend persists, it could help absorb any temporary seasonal selling pressure.

What the Technical Picture Reveals for Bitcoin

On the daily timeframe, Bitcoin remains below its 50-day simple moving average near $83,900, confirming that the short-term trend is still tilted to the downside. Since peaking in the mid-$90,000 range in January, price action has formed a sequence of lower highs, reinforcing the technically weak structure.

The Relative Strength Index (RSI) is hovering around 35, having rebounded from deeply oversold levels near 20 earlier this month. While this recovery signals that selling momentum has cooled, it does not yet confirm a definitive trend reversal.

Immediate support sits near $65,000, with a stronger demand zone between $60,000 and $62,000. On the upside, resistance is seen around $72,000, followed by a heavier supply area between $76,000 and $80,000. A break below $65,000 could open the door to further downside toward $60,000, whereas a sustained move above $72,000 would indicate that bullish momentum is regaining traction—regardless of seasonal narratives.

This content is not investment advice.

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“Bitcoin and Ether Balances Are Increasing”

Armstrong indicated that internal platform data shows a rise in the number of Bitcoin and Ether units held by retail customers on Coinbase. While the dollar value of portfolios may have declined due to falling prices, the actual quantity of BTC and ETH in user accounts has increased.

He noted that balances recorded in February show coin counts that are either equal to or higher than those seen in December. This suggests that retail participants interpreted the market correction as a buying opportunity rather than a signal to exit positions. Armstrong described this behavior as a display of strong conviction during turbulent market conditions.

In practical terms, although overall portfolio valuations may appear lower in fiat terms, investors have been expanding their crypto holdings. The distinction between nominal dollar value and asset quantity is significant, particularly in volatile markets where price fluctuations can mask accumulation trends.

Falling Prices, Rising Coin Counts

This dynamic is not uncommon in crypto cycles. When prices decline, portfolio values measured in dollars naturally contract. However, if investors continue to purchase assets at lower prices, the number of coins they hold increases. Armstrong emphasized that Coinbase’s retail segment appears to be strengthening positions rather than liquidating them.

Such accumulation patterns are often viewed as a long-term signal of confidence, especially in flagship assets like Bitcoin and Ether.

CEO’s Personal Share Sales Draw Attention

At the same time, Armstrong’s personal financial activity has attracted scrutiny. While there is no indication that he sold Bitcoin or Ether, reports show that he sold approximately $550 million worth of Coinbase stock over the past nine months.

Coinbase shares, which surpassed $400 last year at their peak, recently closed at $164. Armstrong, who founded the company, is estimated to have a net worth of around $7.5 billion. The contrast between retail investors accumulating crypto and the CEO reducing exposure to company shares has become a point of discussion.

This content is not investment advice. Cryptocurrency markets involve significant risk, and individuals should conduct their own research before making financial decisions.

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The post Coinbase CEO Signals Retail Resilience Amid Bitcoin Pullback appeared first on Coin Engineer.

A New Section Inside Binance Wallet: “Stocks on Chain”

Within the Binance app, users can now find a newly added section under the Wallet interface that marks the beginning of this transition. The “Stocks” tab, positioned inside the Markets area, signals that tokenized equity products are fully integrated into the Binance Wallet environment.

With this addition, users can seamlessly explore and trade blockchain-based representations of real-world stocks, managing them alongside their existing crypto assets. Binance also highlights that trading fees for these on-chain stocks can go as low as 0%, positioning this service as an accessible option for a broad range of investors.

How to Access On-Chain Stock Trading

The process of exploring tokenized stocks in Binance Wallet is designed to be straightforward:

1. Open the Binance app and navigate to the Wallet section.

2. Tap Markets.

3. Select the Stock category to browse the available tokenized assets.

Following these steps, users can view blockchain-based versions of traditional equities and begin trading within seconds.

Why On-Chain Stocks Matter

Tokenized stocks represent a growing intersection between traditional finance and decentralized technologies. This model enhances transparency, speeds up settlement processes, and removes many of the geographic and operational barriers associated with traditional markets. By integrating these products directly into its wallet, Binance is enabling users—from retail traders to experienced market participants—to interact with financial instruments in a more efficient and accessible way.

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The Big Whale is Back in Action!

This whale has a history of making large ETH purchases. Between October 2nd, 2018, and November 13th, 2022, they accumulated 35,176 ETH, worth $15 million at the time, at a price of $428 per ETH.

However, on October 20th, 2023, they sold all of their ETH for $1,610 each, netting a profit of $41.6 million. Despite this seemingly profitable move, the price of ETH surged to $4 shortly after the sale, marking the beginning of a new bull run.

Had the Whale Held…

If the whale had held onto their 2018 ETH purchases, they would currently be sitting on a staggering $122 million profit.

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