Coinbase lança o Relatório de Análise do Gráfico do Mercado de Criptomoedas do Q1 de 2026: O mercado de criptomoedas está em um mercado de baixa ou na fase final de um mercado de baixa

Goldman Sachs reports that on April 23, Coinbase Institutional and Glassnode jointly released the “Q1 2026 Cryptocurrency Market Chart Analysis Report,” with the following key points:

1. 75% of institutional investors and 61% of non-institutional investors still believe Bitcoin is undervalued. “The crypto market is still influenced by some significant specific factors, such as regulatory progress and the rise of agentic AI, but their importance has diminished amid the turbulent global macro environment.”
2. Currently, 82% of institutional investors and 70% of non-institutional investors believe the crypto market is in a bear market or late-stage bear market, a significant increase from 31% and 36% in December. Meanwhile, expectations for Bitcoin dominance are shifting towards a more “stable” state, reflecting the macro environment’s influence.
3. In Q1 2026, the supply of BTC moved in the past three months decreased by 37%, while the supply that hasn’t moved for over a year increased by 1%. This indicates reduced short-term trading activity and more coins being locked in long-term holders.
4. Finally, despite a period of increased volatility in the crypto market, the cumulative inflow of funds into Bitcoin ETFs remains close to historical highs.
   Overall, the report suggests that market sentiment is becoming more cautious, but the underlying fundamentals of the crypto market continue to improve.