Cryptocurrency holdings of Coinbase reach an all-time high since the market's peak in 2021, now totaling $112 billion.
In a significant development for the cryptocurrency market, Coinbase, one of the leading digital asset exchanges, has seen its reserves reach a new high since November 2021. The reserves, which include Bitcoin (BTC), Ethereum (ETH), and ERC20-based stablecoins, now stand at $112 billion.
This surge in reserves underscores renewed capital inflows into the exchange, a strong signal of market confidence. According to a recent CryptoQuant report, this surge indicates that both large and small investors are preparing for continued activity.
The strong capital inflows into Coinbase are driven primarily by institutional investors. These investors hold $245 billion in assets under custody with Coinbase, including over 80% of U.S. Bitcoin and Ethereum ETF assets. The growing interest in Coinbase’s expansion into derivatives markets through acquisitions like crypto options exchange Deribit, and new product innovations, also contributes to this trend.
Positive regulatory developments in the U.S., such as the signing of the GENIUS Act and the prospect of clearer digital asset legislation, have boosted investor confidence. Coinbase’s initiatives in green crypto and tokenized carbon credits, aimed at attracting institutional and ESG-focused capital, have further bolstered this confidence.
The chart indicates a clear uptrend in Coinbase's reserves. The market is maintaining levels above both the 50-day ($3.53T) and 100-day ($3.3T) moving averages, which continue to slope upward. The 200-day moving average, sitting near $2.79T, further confirms the longer-term bullish structure.
The pattern of higher lows since July indicates that demand continues to build. The market has tested the $4.06T resistance, pulling back slightly but holding within a constructive consolidation range. A decisive breakout above $4.1T could open the door to new highs and signal the next expansive leg of the bull market.
Rising liquidity on major exchanges like Coinbase has often been associated with stronger price momentum and healthier trading conditions. The return of reserves to such elevated levels coincides with broader optimism across the crypto sector. With capital concentration at a four-year high, market watchers believe this trend could provide the foundation for the next expansion phase.
This suggests that steady capital inflows are occurring, consistent with broader institutional activity and rising liquidity across major assets like BTC, ETH, and SOL. The longer-term bullish structure is underscored by the 200-day moving average, indicating a robust and sustained growth in the cryptocurrency market.
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