markets
COIN -2.19% — Breaking
By SNF Research · Independent market intelligence from Sunday Night Futures LLC
COIN sliding -2.19% intraday to $181.235 while small-caps rip higher.
Coinbase is underperforming a clearly risk-on tape — IWM up 1.65% to $289.92 and ASTS surging 15.13% to $121.92 signal broad appetite for risk. The divergence stands out: crypto-adjacent names typically track speculative momentum, yet COIN is selling off from Friday's close of $184.99. NVDA and MSFT weakness (-0.91%, -0.81%) aren't dragging the whole market, making COIN's relative weakness notable.
Watch: $181.235 is live support — a breakdown opens a test of the $178 area. If IWM holds gains into the close and COIN can't reclaim $183, the divergence flags distribution in crypto equities specifically.