The actions in the exchange of cryptocurrency cryptocurrencies (Coin), in the list of Nasdaq, collapsed 19.6% to $ 314.69 last week, registering its worst performance since September 2024, according to Data Source TradingView.
On Thursday, Coin published its profits of the second quarter, revealing a net operational gain per action of 12 cents, with a decrease year after year of 88.8% in the final result.
The $ 1.5 billion in revenues did not reach the estimate of $ 1.59 billion, while the Ebidta decreased to $ 512 million as transactions revenues fell 39% of the previous quarter.
The sale of prices is consistent with the analysis of the end of June of the 10X cryptographic research firm, which declared that the price rally of the second quarter seemed overloaded in relation to the foundations. The firm recommended to shorten the currency while bought BTC.
At the beginning of last month, the investment firm HC Wainwright sharply reduced Coinbase to sell from Buy, saying that the second quarter rally exceeded the foundations.
Co -sales options in demand
The mass sale has merchants chasing downward protection in coins.
Until Friday, the one -year call bias, which measures the implicit volatility differential (demand) between the Put and Colla options, increased to 2.6%, the highest since April 21, according to the data source market market.
In other words, sales options, which offer insurance against pricing losses in the underlying asset, were negotiated with a 2.6 volatility premium to purchase options or bullish bets.
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