Coinbase Report: Crypto Markets Could Form a Bottom as Macro Conditions Improve According to Coinbase and Glassnode, crypto markets may be…
Coinbase Report: Crypto Markets Could Form a Bottom as Macro Conditions Improve
According to Coinbase and Glassnode, crypto markets may be forming a near-term bottom as sentiment improves, though macro conditions and Middle East developments continue to drive short-term uncertainty. Bitcoin NUPL has moved from the “Fear” to “Optimism” stage, with 75% of institutional and 71% of non-institutional investors viewing BTC as undervalued. For Ethereum, short-term supply (held <3 months) fell 38% in Q1, while long-term supply (held >1 year) rose 1%.
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