After-hours, when I was having a drink of water, I kept having one question in my head.
Why has the market started focusing on $COIN again?
Look, over the past 24 hours it’s only up 2.15%, and at a current price of $151.33—it’s not some crazy topping off.
But on Binance’s US stock perpetuals—it's ranked #13 on the gainers list, and #29 by trading volume. It can rack up $30.82M USDT in 24 hours. This isn’t just casual “glance and move on” interest.
I was on the subway and flipped through things, and I felt that the money isn’t just targeting one stock—it’s looking at the gap between crypto and traditional markets.
From what I understand, what companies like $COIN are most likely to benefit from isn’t just a single coin’s day-to-day up-and-down. It’s the trading activity that returns once the whole track comes back to life, users’ attention flowing back, and the “entry point” demand from traditional capital that wants exposure to crypto but doesn’t want to go directly on-chain.
Once this kind of stock gets pulled back into trading, its responsiveness is often not bad.
There’s one more detail I care about.
Its 24-hour high is $154.53 and low is $147.19. The volatility isn’t small, but the funding rate is still +0.0000%, and the open interest is 90,159 contracts.
That suggests there are quite a few people chasing it right now, but the sentiment hasn’t gotten out of hand—not like the kind of bullish squeeze where everyone bunches up.
What I personally prefer to interpret it as is: the market is repricing it again, but the hand hasn’t fully reached in yet.
There’s also a very practical bullish point.
A lot of people say they’re watching crypto. But when it’s time to actually place a bet, they’re often more willing to go first into a US stock that’s tightly tied to crypto business.
Familiar market structure, familiar trading hours, and the narrative is easy to understand. Once this kind of money increases, $COIN ’s attention tends to be lifted layer by layer.
And I’m not going in blindly.
If later on the crypto sector’s heat fades quickly, or if $BTC softens on its own first, this kind of stock will likely be pushed back down too—especially since it’s not far from the intraday high. Chasing in a rush could easily end up eating a pullback.
But if you ask me how I see this level, I still lean toward looking at it positively and giving it more room.
Not because I’m chasing the red or green for just one or two days—more because it looks like the kind of stock that gets remembered first when a sector has wind behind it.
If it turns out bad, don’t cue me. If it turns out good, buy me a cup of coffee.
$COIN #US stocks
Why has the market started focusing on $COIN again?
Look, over the past 24 hours it’s only up 2.15%, and at a current price of $151.33—it’s not some crazy topping off.
But on Binance’s US stock perpetuals—it's ranked #13 on the gainers list, and #29 by trading volume. It can rack up $30.82M USDT in 24 hours. This isn’t just casual “glance and move on” interest.
I was on the subway and flipped through things, and I felt that the money isn’t just targeting one stock—it’s looking at the gap between crypto and traditional markets.
From what I understand, what companies like $COIN are most likely to benefit from isn’t just a single coin’s day-to-day up-and-down. It’s the trading activity that returns once the whole track comes back to life, users’ attention flowing back, and the “entry point” demand from traditional capital that wants exposure to crypto but doesn’t want to go directly on-chain.
Once this kind of stock gets pulled back into trading, its responsiveness is often not bad.
There’s one more detail I care about.
Its 24-hour high is $154.53 and low is $147.19. The volatility isn’t small, but the funding rate is still +0.0000%, and the open interest is 90,159 contracts.
That suggests there are quite a few people chasing it right now, but the sentiment hasn’t gotten out of hand—not like the kind of bullish squeeze where everyone bunches up.
What I personally prefer to interpret it as is: the market is repricing it again, but the hand hasn’t fully reached in yet.
There’s also a very practical bullish point.
A lot of people say they’re watching crypto. But when it’s time to actually place a bet, they’re often more willing to go first into a US stock that’s tightly tied to crypto business.
Familiar market structure, familiar trading hours, and the narrative is easy to understand. Once this kind of money increases, $COIN ’s attention tends to be lifted layer by layer.
And I’m not going in blindly.
If later on the crypto sector’s heat fades quickly, or if $BTC softens on its own first, this kind of stock will likely be pushed back down too—especially since it’s not far from the intraday high. Chasing in a rush could easily end up eating a pullback.
But if you ask me how I see this level, I still lean toward looking at it positively and giving it more room.
Not because I’m chasing the red or green for just one or two days—more because it looks like the kind of stock that gets remembered first when a sector has wind behind it.
If it turns out bad, don’t cue me. If it turns out good, buy me a cup of coffee.
$COIN #US stocks