Coinbase CEO Brian Armstrong said that retail investors on Coinbase are buying when prices are low, increasing the amount of BTC and ETH (in their base units) they hold.
Coinbase's internal data also shows that the majority of customers in February had original unit balances equal to or higher than in December, reflecting the resilience of retail investors in the current market environment.
- Retail investors on Coinbase buy when prices fall.
- The amount of BTC and ETH held in the original unit increased.
- February: The majority of customers maintained balances ≥ from December.
Coinbase data shows retail investors buying on dips.
Coinbase notes that retail investors are buying during market corrections and accumulating BTC and ETH in their original units.
CEO Brian Armstrong said: "They have been buying on dips—we have observed an increase in both BTC and ETH native units held by retail investors."
The key point is that the measurement is based on native units, meaning the amount of BTC and ETH held, rather than just the exchange rate.
This assessment was made on February 16th. Armstrong described retail investors as being resilient in the current market conditions, accumulating positions when prices fall rather than reducing their holdings.
Compare the February balance with the December balance.
The majority of Coinbase customers in February had original unit balances equal to or higher than those in December.
Armstrong stated that the vast majority of customers held native units in February that were equal to or higher than their December balance.
This suggests that after the volatile period at the end of the year, many accounts not only maintained their cryptocurrency holdings but also tended to increase them.
The information doesn't detail the percentage increase, sample size, or absolute figures for BTC/ ETH , but it highlights the general trend: retail investor balances on Coinbase in February were no lower than in December for the majority of users.
