$COIN looking shaky here. Getting 2022 vibes—that slow grind lower where every bounce gets sold. Crypto stocks tend to frontrun the underlying asset moves, and if $BTC can't hold structure, $COIN's multiple compresses fast. Watch the $200 level. Below that and we're probably revisiting the $150s. Not a buy yet, but worth tracking if you want exposure to a crypto recovery trade later. For now, risk/reward still tilted wrong.