Coinbase (COIN) stock is under pressure, facing an 18% downside risk after recent product launches failed to invigorate investor interest. Despite rolling out futures, perpetuals, and stock trading in the U.S., the stock fell 3% in the past 24 hours and has been declining over the past month. A potential break below $244 could see the stock drop to $198. The lack of institutional interest, as indicated by money flow data, and a challenging crypto market environment contribute to the bearish outlook. Additionally, increasing competition from platforms like Robinhood adds to the pressure on Coinbase's market position. Traders are closely monitoring key price levels and altcoin movements for potential market shifts.