Coinbase: The crypto market shows bottom signals, Q2 may usher in a recovery

Crypto World News reports that, according to Coinbase, as macro risks ease, the cryptocurrency market shows signs of bottoming out, with improved market sentiment and on-chain data suggesting a possible recovery phase in Q2.
Despite ongoing geopolitical tensions and macro uncertainties affecting risk appetite, analysts say multiple indicators point toward a potential recovery in the second quarter.
In Q1 2026, the total market capitalization of cryptocurrencies (excluding stablecoins) decreased by 18%, but stablecoin supply increased from $308 billion to $318 billion, indicating that capital has not fully exited the market.
Bitcoin investor sentiment has improved, with Glassnode data showing that Bitcoinโ€™s unrealized profit and loss metrics have shifted from fear to optimism.
Meanwhile, 75% of institutional investors and 71% of non-institutional investors believe Bitcoin is undervalued.
Bitcoin supply has decreased by 37% over the past three months, while the supply held for over a year has increased by 1%.
Additionally, Ethereum also shows structural improvements, with the supply held for less than three months decreasing by 38%, and long-term supply increasing by 1%.

BTC0.39%
ETH1.81%
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