Ethereum falls 7% amid broader crypto volatility. Coinbase CEO highlights retail dip-buying resilience. Retail users on Coinbase have been very resilient during these market conditions, according to our data.
They’ve been buying the dip. Citing diamond hands, Armstrong says most of Coinbase’s customers had native unit balances in February equal to or greater than their balances in December. The Coinbase CEO framed this trend as a bullish counter-narrative to the current market gloom.
While Bitcoin has pulled back toward the $68,000–$69,000 range and Ethereum has seen a 7% drop to levels below $2,000, retail investors are demonstrating conviction rather than panic. The “diamond hands” phenomenon, where users maintain or increase their crypto holdings despite drawdowns, suggests a maturing retail base that may help stabilize prices and underpin long-term adoption. Ethereum declined about 7% amid broader crypto volatility, with Bitcoin hovering near the $68,000–$69,000 range and Ethereum slipping below $2,000. The pullback underscores ongoing market caution as participants reassess macro and sector dynamics.
Coinbase CEO Brian Armstrong highlighted resilience among retail users, noting they have been buying the dip. He cited the “diamond hands” phenomenon—where February balances were equal to or greater than December balances—framing the trend as a bullish counter-narrative to the market gloom. The data suggests a maturing retail base that may help stabilize prices and support long-term adoption. Retail investors appear driven by conviction rather than panic as volatility persists.
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