COIN is directly related to BTC movements

Some facts:

COIN's IPO coincided with the actual peak of Bitcoin in April 2021;

Since then, a bear market began for both assets;

COIN corrected more than 90% in 5 waves;

BTC underwent an IRREGULAR EXPANDED FLAT correction.

Example:

You can observe the context of Netflix's IPO in the early 2000s and compare it with COIN's current situation.

Thank you!