Coinbase Observes Institutional Accumulation Amid Bitcoin Dip Below $98K

On November 14, 2025, cryptocurrency markets experienced a significant downturn, with Bitcoin falling below the $100,000 mark to trade under $98,000, while Ethereum saw a sharp decline of over 6%. The selloff was widespread, affecting nearly all major sectors including NFTs, Layer 1s, DeFi, CeFi, and meme tokens, with losses ranging between 2% and 7%. However, certain tokens like STRK, MOG, and TEL demonstrated notable resilience during the market slump. Interestingly, institutional players such as Anchorage Digital appear to be leveraging the market weakness to accumulate assets, signaling a potential long-term bullish sentiment among large-scale investors. This activity suggests that seasoned market participants view the current dip as a buying opportunity, despite the broader market's bearish tone. The downturn coincides with heightened volatility across global financial markets, though cryptocurrencies have shown amplified movements compared to traditional assets. Analysts speculate that the institutional accumulation could pave the way for a market rebound, particularly if Bitcoin stabilizes above key support levels. Coinbase and other major exchanges reported elevated trading volumes during the selloff, indicating strong participation from both retail and institutional traders. While short-term sentiment remains cautious, the institutional activity provides a counter-narrative to the prevailing fear in the market. This development underscores the maturation of cryptocurrency markets, where sophisticated investors actively manage positions during periods of volatility. Market watchers will be closely monitoring whether this accumulation phase marks a local bottom before the next upward leg in the ongoing crypto cycle.

Crypto Markets Slide as Bitcoin Dips Below $98K; Institutional Accumulation Emerges

Crypto markets faced a broad selloff on November 14, with Bitcoin slipping below the $100,000 threshold and ethereum plunging over 6%. Nearly all major sectors—NFTs, Layer 1s, DeFi, CeFi, and meme tokens—registered losses between 2% and 7%, though outliers like STRK, MOG, and TEL showed resilience.

Beneath the surface, institutional players appear to be capitalizing on the downturn. Anchorage Digital absorbed 4,094 BTC (≈$405M) in just nine hours, sourcing inflows from heavyweights like Coinbase, Cumberland, Galaxy Digital, and Wintermute. The MOVE signals strategic accumulation despite weakening retail sentiment.

Coinbase Triggers Structural Shift in Crypto Capital Formation, Bitwise CIO Says

Bitwise Chief Investment Officer Matt Hougan declares a pivotal moment for cryptocurrency markets, with Coinbase at the center of what he describes as a fourth major financial disruption. The emergence of institutional-grade initial coin offerings could redefine capital markets by 2026.

Hougan's thesis positions Bitcoin as the new gold, stablecoins as the future of dollar transactions, and tokenization as the backbone of trading infrastructure. "Most assets will eventually migrate to blockchain rails," he predicts, drawing parallels to gold's centuries-long adoption curve.

The traditional IPO system faces obsolescence, according to the memo. Venture capital's gatekeeper role in funding startups may dissolve as tokenized fundraising gives retail investors unprecedented early access—a market currently dominated by institutional players.