CryptoQuant: Coinbase reserves reach $112 billion, a four-year high

According to CryptoQuant analyst CryptoOnchain, Coinbase's total reserves, including BTC, ETH, and ERC20 stablecoins, have reached $112 billion, the highest level since November 2021. This increase reflects growing confidence among institutional and retail investors, as well as a resumption of capital inflows. Analysis indicates that increases in reserves at major exchanges typically accompany increased market liquidity and stronger price momentum. This four-year high in reserves may signal a new phase of demand and accumulation, preparing the market for the next major rally.