{"id":40271,"date":"2025-08-04T09:16:59","date_gmt":"2025-08-04T09:16:59","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=40271"},"modified":"2025-08-04T09:16:59","modified_gmt":"2025-08-04T09:16:59","slug":"coinbase-slides-nearly-20-in-worst-weekly-performance-since-september-2024","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=40271","title":{"rendered":"Coinbase Slides Nearly 20% in Worst Weekly Performance Since September 2024"},"content":{"rendered":"<div>\n<p>Shares in Nasdaq-listed cryptocurrency exchange Coinbase (COIN) tanked 19.6% to $314.69 last week, registering its worst performance since September 2024, according to data source TradingView.<\/p>\n<p>On Thursday, COIN published its second-quarter earnings report, <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/07\/31\/template-coinbase-earnings\">revealing<\/a> a net operating earnings per share of 12 cents, with an 88.8% year-over-year decrease in the bottom line.<\/p>\n<p>The $1.5 billion in revenue fell short of FactSet&#8217;s $1.59 billion estimate, while the EBIDTA declined to $512 million as transaction revenue slipped 39% from the previous quarter.<\/p>\n<p>The price sell-off is consistent with the late June <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/06\/27\/time-to-short-coinbase-coin-and-long-bitcoin-btc-as-high-flying-coinbase-nears-overvaluation-10x-research\">analysis by crypto research firm 10x<\/a>, which stated that the second-quarter price rally appeared overstretched relative to fundamentals. The firm recommended shorting COIN while buying BTC.<\/p>\n<p>Early last month, investment firm H.C. Wainwright <a href=\"https:\/\/finance.yahoo.com\/news\/hcw-downgrades-coinbase-sell-says-152930684.html\">sharply downgraded<\/a> Coinbase\u00a0to Sell from Buy, saying that the second quarter rally outpaced fundamentals.<\/p>\n<h2>COIN put options in demand<\/h2>\n<p>The sell-off has traders chasing downside protection in COIN.<\/p>\n<p>As of Friday, the one-year put-call skew, which measures the implied volatility (demand) differential between put and call options, rose to 2.6%, the highest since April 21, according to data source <a href=\"https:\/\/marketchameleon.com\/Overview\/COIN\/VolatilitySkew\/\">Market Chameleon<\/a>.<\/p>\n<p>In other words, put options, offering insurance against price losses in the underlying asset, traded at a 2.6 volatility premium to call options or bullish bets.<\/p>\n<p><strong><em>Read more: <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/08\/04\/bitcoin-still-on-track-for-usd140k-this-year-but-2026-will-be-painful-elliott-wave-expert\">Bitcoin Still on Track for $140K This Year, But 2026 Will be Painful: Elliott Wave Expert<\/a><\/em><\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Shares in Nasdaq-listed cryptocurrency exchange Coinbase (COIN) tanked 19.6% to $314.69 last week, registering its worst performance since September 2024, according to data source TradingView. On Thursday, COIN published its second-quarter earnings report, revealing a net operating earnings per share of 12 cents, with an 88.8% year-over-year decrease in the bottom line. The $1.5 billion [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-40271","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/40271","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=40271"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/40271\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=40271"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=40271"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=40271"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}