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Coinbase Crashes, Bitcoin Soars: Is This the Ultimate Bullish Signal?

BBG News

Key Insights: 

  • Coinbase’s servers recently crashed, but instead of panicking, investors celebrated.
  • Historically, Coinbase crashes have often come before massive price swings to the upside.
  • Bitcoin itself is reacting to the news, and institutional inflows could be pointing towards an incoming price explosion.

 

Bitcoin (BTC) reached a new all-time high of nearly $112,000 on Thursday, July 10, during the early hours of the Asian trading session. 

This surge came alongside an unexpected crash on Coinbase’s servers, and bullish speculation is currently running hot. Here’s how a Coinbase outage is connected to an incoming surge in Bitcoin’s price

The Rally That Followed Coinbase’s Downtime

Early on Thursday, Coinbase users started reporting issues with accessing the platform. 

While this would normally be a disturbing issue for crypto users, the reaction was different this time. Instead of panic, traders were celebrating.

Within minutes, bullish messages flooded social media as more and more investors called for a new Bitcoin all time high.

Coinbase is down.

OG’s know what this means.

Full Fucking Send is loading.

— curb.sol (@CryptoCurb)

The context for this is that historically speaking, crashes on Coinbase tend to come right before a Bitcoin price surge. Sure enough, Bitcoin reclaimed the $111,000 mark quickly. 

At the time of reporting, BTC was trading at $111,172, in a 2.5% gain in the last 24 hours. On Binance as well, Bitcoin hit an all-time high of $111,999.

A Meme-Driven Market or Real Momentum?

While memes and market jokes have been popular on the subject matter so far, there have also been solid indicators of a Bitcoin pump. For example, the rally came after the recent release of the Federal Open Market Committee (FOMC) minutes for June.

According to this release, the U.S. could be getting ready for an interest rate cut in its upcoming July 30 meeting. Lower interest rates often increase risk-taking behaviour among investors, and crypto is specially set up to benefit.

Moreover, on July 9 alone, Bitcoin spot ETFs recorded $218 million in net inflows with Ethereum ETFs registering $211 million in the same period. 

Coinbase is down, while has $4 billion volume in ETFs today. Absolutely mental!

Looks like a huge send’s in bound! Strap up & Gquantico & Gmonad!!!

Also F ETH is pumping brev.

— Realm ⨀ (@RealmLLC7)

This marked the fifth consecutive day of inflows into Bitcoin ETFs, and is a clear sign that institutional investors are strongly bullish.

Coinbase’s Cryptic Tweet Fuels Speculation

 “Coinbase always ‘goes down’ when there is a little bit of activity. You have to think they do it intentionally… ”

While there is currently no evidence to suggest Coinbase purposely causes outages to pump prices, these incidents have happened often enough to become part of crypto lore.

What’s Next for Bitcoin?

With Bitcoin now above $111,000, eyes are turning to the next resistance levels. If institutional flows continue and macroeconomic conditions remain favorable, analysts believe BTC could push toward $120,000 in the short term.

The July 30 FOMC meeting will be a major event to watch, and a confirmed rate cut could act as further fuel for crypto markets. In all, Bitcoin’s surge past $111K wasn’t just about a glitch. It could be the ultimate signal that bigger things are incoming.

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2025-07-10 22:27

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