Bearish Sentiment Grips Institutional Investors, Signaling Potential Shift for Coinbase Global

Deep-pocketed investors are adopting a bearish stance towards Coinbase (COIN), with a notable surge in options activity indicating a potential significant event. Of the substantial trades observed, 60% lean bearish, focusing on a price range between $205.0 and $230.0. This move highlights a shift in sentiment among heavyweight investors, underscoring the need for market participants to monitor the situation closely.

Bearish Sentiment Emerges Among Institutional Investors in Coinbase Global, Signaling Potential Market Shift

Market Overview

Institutional investors have exhibited a significant shift in sentiment towards Coinbase Global (COIN) as evidenced by a recent surge in bearish options activity. This notable move has caught the attention of market players and suggests a potential change in market dynamics for the leading cryptocurrency exchange platform.

Options Activity Analysis

Benzinga's rigorous tracking of public options records revealed 10 extraordinary options activities for Coinbase Global today. This exceptional level of activity is indicative of a significant investment shift within the company's options market.

The sentiment among these heavyweight investors is divided, with 30% leaning bullish and 60% adopting a bearish approach. Notably, 6 out of these options are puts (an option to sell) with a combined value of $428,978, while 4 are calls (an option to buy) amounting to $578,507.

Predicted Price Range

An evaluation of trading volumes and Open Interest indicates that market movers are primarily focusing on a price band between $205.0 and $230.0 for Coinbase Global. This range has remained consistent over the past three months.

Volume and Open Interest

Examining the volume and Open Interest for Coinbase Global's call and put options provides valuable insights into market liquidity and investor interest. Over the past 30 days, the volume and Open Interest for whale trades within the $205.0 to $230.0 strike price range have exhibited notable fluctuations.

Notable Options Activity

1. Call Sweep

• Symbol: COIN
• Trade Type: Call Sweep
• Sentiment: Bullish
• Exp. Date: 12/19/25
• Ask: $74.15
• Bid: $73.1
• Price: $74.15
• Strike Price: $230.00
• Total Trade Price: $452.8K
• Open Interest: 392
• Volume: 61

2. Put Trade

• Symbol: COIN
• Trade Type: Put Trade
• Sentiment: Bearish
• Exp. Date: 01/17/25
• Ask: $54.8
• Bid: $54.55
• Price: $54.8
• Strike Price: $220.00
• Total Trade Price: $186.3K
• Open Interest: 1.1K
• Volume: 34

3. Put Trade

• Symbol: COIN
• Trade Type: Put Trade
• Sentiment: Neutral
• Exp. Date: 06/20/25
• Ask: $66.9
• Bid: $65.75
• Price: $66.32
• Strike Price: $220.00
• Total Trade Price: $79.5K
• Open Interest: 76
• Volume: 12

About Coinbase Global

Established in 2012, Coinbase Global is the preeminent cryptocurrency exchange platform in the United States. The company strives to offer a secure and compliant entry point into the digital asset ecosystem for individual investors and institutions alike. Users can establish accounts directly with Coinbase Global, enabling them to act as their own custodians for cryptocurrencies.

While transaction fees from retail customers continue to be the company's primary source of revenue, Coinbase Global has diversified into adjacent businesses, including prime brokerage and data analytics, through internal investments and acquisitions.

Current Market Status

As of this moment, Coinbase Global's trading volume stands at 1,385,938. The company's stock price currently trades at $206.79, experiencing a decline of -2.09%. The Relative Strength Index (RSI) indicates that the stock may be approaching oversold territory. The company's earnings announcement is anticipated in approximately 84 days.

Analyst Ratings

Over the past month, five industry analysts have shared their insights regarding Coinbase Global. Their collective target price suggestion averages $284.4.

An analyst from Compass Point maintains a Buy rating for Coinbase Global, with a target price of $325.

Goldman Sachs has assigned a Neutral rating to Coinbase Global, accompanied by a target price of $255.

Needham maintains a Buy rating for Coinbase Global, with a target price of $260.

Oppenheimer has issued an Outperform rating for Coinbase Global, coupled with a target price of $282.

HC Wainwright & Co. retains a Buy rating for Coinbase Global, while setting a target price of $300.

Risk Considerations

Options trading carries greater risk than simply trading stocks, but it also offers the potential for higher returns. Experienced options traders mitigate this risk by continuously educating themselves, strategically entering and exiting trades, utilizing multiple indicators, and diligently monitoring market trends.

To remain informed about the latest options trades for Coinbase Global, consider utilizing Benzinga Pro for real-time options trade alerts.