Coinbase Stock Pops on a Bitcoin Short Squeeze. How to Play COIN Here.

Amid a surge in bearish leveraged cryptocurrency bets, a record $2.70 billion in short liquidations triggered a significant rise in Bitcoin (BTCUSD) prices last week. Following the rally, Bitcoin closed Friday's trading session above $77,000, marking an upward trend after being stuck in a slump since October 2025. Crypto trading platform Coinbase Global (COIN) experienced a sharp rally in the past five days, closely mirroring Bitcoin's price movements.

The platform's stock price surged 28.16% in the same period, reaching a 52-week low of $139.11 on July 31 but gaining 35.6% since then. Despite a 38.75% decline over the past 52 weeks and a 17.13% drop year-to-date, Coinbase's shares rose alongside Bitcoin prices.