Coinbase CEO: Retail Users on the Platform are Buying BTC and ETH on the Dip and Holding Strong

February 16th — According to Forbes, amid a crypto market downturn, one often overlooked development is that Bitcoin is showing widespread accumulation signs. On-chain analysis indicates that following large-scale sell-offs, nearly all holder cohorts are resuming buying activity. Specifically, Glassnode data shows this marks the first time since late 2025 that wallets across all size ranges have been consistently accumulating. Notably, wallets holding 10 to 100 bitcoins demonstrated the most aggressive buying, reemerging as primary buyers when Bitcoin’s price dropped to around $60,000. As institutions continue deploying on-chain solutions, developing and launching Bitcoin-related products (including more ETFs and ETF-like offerings), and expanding overall on-chain services, the demand base for Bitcoin and other crypto assets is broader than during prior downturns.

As of February 16th, per monitoring data from HyperInsight (https://t.me/HyperInsight), Huang Licheng—known as “Brother Ma Ji”—has just closed a long position in VVV for a small profit and added to his long position in HYPE. Currently, he holds: - A 13,888.88 HYPE long position with 10x leverage, carrying an unrealized loss of $4,400; - A 5,250 ETH long position with 25x leverage, with an unrealized loss of $326,000. This rewrite uses concise, natural American English phrasing (e.g., “per monitoring data” for readability, em dashes for clarity, bullet points to organize holdings) while preserving all original facts.

On Feb. 16, per Bitget market data, spot gold opened lower and extended its decline, falling below the $5,000 mark. It’s currently trading at $4,994.38 per ounce, with intraday losses widening to 0.93%.

February 16 — On-chain analyst Ai Auntie (@ai_9684xtpa) reported that a trader liquidated all their ETH holdings (purchased at a high price on February 13) 8 hours ago, selling at an average price of $1,977.31 and incurring an additional $171,000 loss. Over the past six months, the trader has made 9 attempted swing trades — only one was profitable — pushing their win rate down to 11.1% with a total loss of $1.432 million.

February 16th — Billionaire and "Shark Tank" star Kevin O'Leary has secured a $2.8 million defamation victory against crypto influencer Ben Armstrong, who uses the alias "BitBoy Crypto," per The Block. Armstrong made false claims that O'Leary was a murderer and "spent millions covering it up." Judge Beth Bloom issued a default judgment after finding Armstrong failed to provide a substantive response to O'Leary’s lawsuit.

Feb. 16: Per official sources, YZi Labs announced it has filed an amended preliminary proxy statement with the U.S. Securities and Exchange Commission (SEC). The filing is currently pending SEC review. The proxy statement seeks to expand the company’s board of directors and elect nominated director candidates via written consent from shareholders of CEA Industries.