Morpho rallies as Coinbase vault collateral surges 133%
Morpho (MORPHO)
Editor:
Eugene Serbin
Tradersunion.com reports that Morpho (MORPHO) is trading at $2.87, posting a 10.49% gain while holding above key moving averages. Coinbase has launched fixed-rate USDC loans backed by bitcoin collateral, leveraging the Morpho Midnight protocol. This integration directly into one of the largest crypto exchanges has driven a 133% surge in Morpho x Coinbase vault collateral since the start of the year.
The rollout has established Morpho as a leading DeFi lending platform by user count and loan size. Further growth is evident as Morpho Midnight expands to all USDC markets on Morpho Blue. This expansion enables flexible fixed-rate lending with broader collateral options.
Institutional and retail borrowers are participating, reinforced by Circle offering institutional USDC loans through the protocol. On the hourly chart, MORPHO trades above its MA-20 and MA-50, with the Ichimoku Kijun line at $2.61 marking immediate support. Momentum readings show MACD in Buy mode, while the RSI sits at 61.14. The expected price range for the next two to three trading days is $2.72 to $3.01.
How the market reacted
Whalio's own Binance spot order flow for MORPHO, measured when this story was written up on 24 September 2026. Not the outlet's figures.
Morpho is currently trading at $2.57 on Binance spot markets. Buy ratios show 55.7% for the 1-hour and 52.2% for the 4-hour timeframe, compared to a 49.5% ratio over the last 24 hours. This indicates that buying pressure is building in the short term relative to the daily average. Volume delta data reflects this shift, with positive inflows of +$276,681 in the last hour and +$69,352 over four hours. In contrast, the 24-hour volume delta is negative at -$75,067, suggesting that earlier selling pressure has been outweighed by recent aggressive buying. The Cumulative Volume Delta (CVD) for the 24-hour close is +$252,862, confirming net buyer dominance over the full day.
The latest daily buy ratio of 53.3% sits at the 70th percentile of the last 323 days, against a median of 51.0% - stronger buying than most days.
Was that an ordinary day?
The same Binance spot measurements for MORPHO, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 54.7%, making today's 24-hour ratio of 49.5% slightly lower by 5.3 points. However, spot volume has increased to 1.12 times the weekly average, indicating heightened activity. The coin has seen a 22.0% price change over the last eight days, with a total volume delta of +$3,032,912. Net buying occurred on six of the past seven days. This recent surge in volume and price action marks an unusual day compared to the standard weekly baseline.