Coinbase Global shares are trading at $134.65, down 3.28% on the session, while Binance futures indicators show neutral funding, declining open interest, and a heavier sell-side taker flow. The sto...

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Coinbase Global shares are quoted at $134.65, down 3.28% on the session, with a 24-hour range of $139.62 to $131.92 and Binance futures volume of $42.11 million. Price is sitting just above the pivot at $135.40, but still below the 7-day SMA at $140.83, the 12-day EMA at $145.59, the 20-day SMA at $154.43, the 26-day EMA at $156.06, the 50-day SMA at $173.75, and the 200-day SMA at $172.89. That keeps the near-term structure weak, even before considering the derivatives backdrop.

The futures data does not confirm strong downside conviction, but it also does not support an easy recovery. Funding is flat at 0.0000%, which is neutral, while open interest is down 5.19% to $17.06 million in value, suggesting position reduction rather than fresh long buildup. The 1-hour taker buy/sell ratio is 0.7908, with buy volume of 971 against sell volume of 1,228, which points to aggressive selling pressure in the latest window.

The indicator mix leans soft. 49 shows price pressing near the low end of its recent range. 1157 places price close to the lower band rather than the center of the range.

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