Coinbase's reserves have surged to $112 billion, marking the highest level since November 2021, according to CryptoQuant analyst CryptoOnchain. The reserves, comprising BTC, ETH, and ERC20 stablecoins, indicate renewed confidence from both institutional and retail investors, alongside a resurgence in capital inflows. Analysts suggest that such increases in exchange reserves often correlate with enhanced market liquidity and stronger price momentum, potentially setting the stage for a new market rally.
Coinbase Reserves Hit $112 Billion, Highest Since 2021
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.