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…
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 1 year) rose 1%. — link