Bitcoin’s $60,000 plunge exposes divergent behavior on Coinbase and Binance

Bitcoin’s sharp drop toward $60,000 and subsequent rebound acted as a stress test that highlighted contrasting trader behavior on Coinbase and Binance. On Coinbase, Brian Armstrong described retail users steadily accumulating Bitcoin and Ethereum, while on-chain data showed a mostly negative Coinbase Premium Index that pointed to weaker US spot aggression. By contrast, Binance saw heavy short-term holder inflows and mid-sized entity selling, with around 8,700 BTC per day sent to the exchange at the height of volatility and roughly 7,000 BTC reportedly sold at market over two days.