CoinWorld News, Wu said that Coinbase, in collaboration with Glassnode, released the "Charting Crypto Q2 2026" report, which states that the crypto market remains primarily driven by macro factors and the Middle East situation, with high short-term uncertainty. The report points out that Bitcoin's NUPL has rebounded from the "fear" phase in Q1 to the "optimism" phase, with about 75% of institutional investors and 71% of non-institutional investors believing Bitcoin is undervalued. Regarding Ethereum, short-term supply (held less than three months) decreased by 38% in Q1, while long-term supply (held over a year) increased by 1%. Overall, changes in the macro environment may support the formation of a bottom for crypto assets in the near term and a rebound in the later part of the quarter.

BTC1.41%
ETH2.36%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments