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.
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.
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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