Coinbase downtime, CEO sells shares: Is a crash imminent?

Coinbase stock drops after disappointing Q4 results. Explore the impact of CEO Brian Armstrong's share sales and what it means for the future of Coinbase.

Written by Charles Ledoux

Translated on February 13, 2026 at 11:08 by Simon Dumoulin

Coin COIN de Coinbase sur un fond orange avec une fleche trendline

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Disappointing Q4 Results and Massive CEO Sell-offs

The punishment was immediate for the American exchange. The fourth quarter 2025 report reveals performance significantly below consensus. Coinbase posted earnings per share (EPS) of only $0.66, far from the $1.05 expected by analysts. Revenue was equally disappointing, coming in at $1.78 billion versus projections of $1.85 billion. Even more concerning, the company recorded a net loss of $667 million, weighed down by impairments on its crypto asset portfolio.

There is absolutely no reason to keep your funds on coinbase.

At any moment they can be gone forever.

And with the CEO dumping $550m of stock onto your head it’s clear everyone wants an exit. pic.twitter.com/zgFXr5RQGR
— Crypto Bitlord (@crypto_bitlord7) February 12, 2026

Beyond the accounting figures, market sentiment is heavily affected by internal movements. Brian Armstrong, Coinbase’s CEO, has intensified selling pressure by liquidating over $550 million worth of shares between April 2025 and January 2026. This signal, often interpreted as a lack of short-term confidence by insiders, has cooled institutional investor enthusiasm, prompting banks like JPMorgan to revise their price targets downward.

Technical Analysis: Critical Support Under Pressure

From a technical perspective, COIN’s structure is clearly bearish in the short term. The violent break below the $153 level (former support turned resistance) has pushed the price toward the $141 zone. Momentum indicators like the RSI are plunging into oversold territory, suggesting intense selling pressure but hinting at the possibility of a reflexive technical bounce.

Coinbase stock price chart with RSI and order block analysis

If this $140 level were to give way under volume, the decline could accelerate toward the psychological zone of $90. Conversely, to hope for a trend reversal, bulls must imperatively reclaim $153, then tackle the $162 resistance to validate a sustainable bullish reversal.
The current configuration calls for extreme caution. With these exchange outages and massive CEO sell-offs, the crash could be more violent. On the other hand, this kind of FUD can attract smart money that buys the panic. In any case, as long as $153 and the trendline are not reclaimed, one must remain patient.

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Charles Ledoux

Charles Ledoux is a Bitcoin and blockchain technology specialist. A graduate of the Crypto Academy, he has been a Bitcoin miner for over a year. He has written numerous masterclasses to educate newcomers to the industry and has authored over 2,000 articles on cryptocurrency. Now, he aims to share his passion for crypto through his articles for InvestX.

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