According to data from Coinbase, about two-thirds of institutional investors have a positive outlook on Bitcoin's performance before 2026.
Coinbase's Head of Institutional Research, David Duong, stated in a research report titled "Navigating Uncertainty": "Most respondents hold a bullish view on Bitcoin."
A survey conducted by Coinbase involving 124 institutional investors showed that 67% of them are optimistic about Bitcoin (BTC) in the next three to six months.
The report added that there is a "significant divergence" of opinions regarding the current market cycle phase. 45% of institutions believe the market is at the end of a bull market, while only 27% of non-institutional investors share the same view.
Duong pointed out: "From a supply and demand perspective, the impact of digital asset companies on the market this year should not be underestimated."
BitMine, chaired by Tom Lee, is one of the typical representatives of buying the dip. Since Ethereum's price fell below $4,000 due to the market downturn, the company has accumulated over 379,000 Ethereum, worth nearly $1.5 billion.
It is reported that Michael Saylor hinted on Sunday that Strategy may continue to increase its Bitcoin holdings and shared a chart showing a BTC position of $69 billion. Even in the case of equity pullbacks, DAT's crypto holdings remain stable, demonstrating confidence in the long term.
Duong from Coinbase stated that the crypto bull market "still has room to rise," but has become more cautious following the events of October 10.
Coinbase also mentioned that favorable macro and liquidity factors, including the Federal Reserve's expectation of two more rate cuts and a large number of money market funds still on the sidelines, could drive market performance in the fourth quarter.
The company stated that the current market environment is particularly favorable for Bitcoin, but it holds a more cautious attitude towards altcoin allocations.
According to market data, the overall crypto market remained stable over the weekend, with Bitcoin breaking through $109,000 and continuing to rise after surpassing the support level of $108,000, which turned into a resistance level; Ethereum briefly stood above $4,000, but market sentiment remains cautious, with no significant rebound signs yet.
Related: How low can Bitcoin go? Regional "banking pressure" in the U.S. is pushing BTC towards the $100,000 mark.
Original: “Coinbase: 67% of institutions are optimistic about Bitcoin (BTC) in the next 6 months”
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