It all started with a little hiccup, Coinbase went down. Again. While Bitcoin pumped. Who would’ve tought?

The platform went dark during the early Asian session on Thursday, but instead of panic, the market lit up like it was the Fourth of July.

Electric vibes

Now, normally, when a major exchange stumbles, you’d expect chaos, right? People biting their nails, wallets trembling.

But nah, crypto Twitter flipped the script. Coinbase is down. OGs know what this means.

Full send is loading, said CryptoCurb, one of the crypto sages on X. The vibe? Electric. Memes flying, excitement building, like a locker room pep talk before the big game.

And guess what? Bitcoin blasted through $111,000, hitting a fresh ATH. At one point, on Binance, BTC flirted with $111,999. Not bad for a day’s work.

As I’m telling you this, Bitcoin’s trading around $111,172, up nearly 2.5% in the last 24 hours. Talk about a comeback kid.

Rate cut by the end of the month?

Even Coinbase insiders joined the party. Viktor Bunin, a protocol specialist, threw in some cheeky optimism, probably sipping his espresso while watching the chaos grow.

Fyi this tweet got shared in like 10 slack channels immediately as we had a collective "not again!", but thankfully this time I'm pretty sure we're only going down at $200k, not this measly pit stop.

— Viktor Bunin 🛡️🇺🇸 (@ViktorBunin) July 10, 2025

And the timing? Perfect. Just hours after the Federal Open Market Committee’s minutes hinted at a possible rate cut on July 30, the market’s mood turned downright bullish.

Institutional investors are piling in too. On July 9 alone, Bitcoin spot ETFs saw $218 million in net inflows, five days straight of big money buying.

Ethereum’s no slouch either, pulling in $211 million and catching the eyes of US asset managers.

One user summed it up perfectly, and said Coinbase is down, while BTC has $4 billion volume in ETFs today. Absolutely mental! Looks like a huge send is inbound!

Bull market folklore

Adding to the feeling, Coinbase dropped a cryptic tweet during the downtime, a lone Bitcoin symbol, no words, no explanation.

For the seasoned traders, that was like a secret handshake. But skeptics? They’re not buying it.

„Coinbase always ‘goes down’ when there’s a little action. Come on, after all these years, you don’t think they have an IT team that can keep it running?”

Still, these Coinbase glitches have become part of the bull market folklore.

For many, a Coinbase outage is a bullish omen, like the office coffee machine breaking down right before a big deal closes.

Weird? Sure. But hey, in crypto, weird is the new normal.

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