$coin taking a hit today ngl, kinda expected after that run up 📉

n7_compounder: i'm not so sure about that, lol, their q2 earnings were really solid and i think that's still being priced in, $COIN has some pretty strong fundamentals behind it

altairfx: yeah pretty par for the course after a rally like that anyway

ian_calls: @altairfx tbh i think its also worth noting that $coin's fundamentals havent really changed alot in the past week or so, just market sentiment shifting

spiketrendline: honestly been watching $coin's volume and it's been alot lower than usual on the way up, not suprised to see it drop like this now

3mmafla5h: honestly kinda surprised $btc didnt drag $coin down alot sooner tbh

watchlistholdings: sha makes sense they'd pull back, also wondering how $btc will react to this kinda volatility 😮

seanluigi: yeah thats a pretty sharp drop ngl

buyhighsellow2: @spiketrendline idk if you're calling it or what but that volume thing is kinda wild tbh

notadvice51: i think $btc and $coin are a bit more decoupled than people give them credit for imo, different market forces at play

sith91: I think the run up in $coin was largely sentiment driven, imo, and a pullback was overdue, sorry to say it but valuation multiples were getting a bit stretched.

gatsbybinary: @notadvice51 lol i dont know if i buy that, seems like whenever $btc dips $coin follows pretty closely still

ninamkt: i was waiting for this correktion since weeks, now we see if $coin can hold the support levels, very interesting to watch tbh

seanluigi: I think the correction in $COIN is a natural breather, ngl, the valuation was getting a bit stretched considering the broader market sentiment.

marginleft22: not sure i agree, lol, $coin's chart looks pretty oversold to me right now

tara: idk if thats entirely fair tho, $coin was due for correction but imo its still holding alot better than some other altcoins out there na?

karacable: not sure i agree ther, ngl, the charts dont look like a simple breather to me

nodelitho: guys, didnt we hear this alot about $coin last quarter too, whats really changed now

ary4cp1: Haha, we've been hearing that $COIN was due for a pullback for weeks now, wonder what's different this time.

chris_margin: Honestly, I think the fact that $coin is still heavily correlated with $BTC movement undermines the idea that it's holding better than other altcoins, in my view.

ian_calls: not gonna lie, looks like a normal pullback to me, been saying this for weeks that $coin was due for a breather