can you explain or give something to read about why coinbase have to break after ATH? noob here )
Discussion
they don't really have the amount of bitcoin that people hold there?
I think they would usually "break" when the price is rising because they are trying to stop it from going up too high. When coinbase goes down during a price pump, the energy level is reduced and the price may not pump as high.
More recently it has worked smoothly. Perhaps this is because most of the oligarchs have established their BTC positions and are now happy to let the price rise.
(This is all just speculation.)
why the energy level is decreasing when coinbase goes down?
I think he means buying energy and not electricity consumption.
You can search on twitter "coinbase down" to see that for at least two last cycles CB was down each and every time #bitcoin pumped. Last cycle there were a lot of speculations about their presumably shitty infrastructure and how it was possible with their profit levels. Obviously only people from inside know what was going or have an explanation, but it has never been leaked - at least I have not seen one.