[Coinbase Institutional and glassnode Release 'Q1 2026 Crypto Market Chart Analysis Report': Crypto Market in Bear Market or Late Bear Market Phase, Bitcoin Significantly Undervalued] Reported by Jinse Finance, Coinbase Institutional and glassnode recently jointly released the 'Q1 2026 Crypto 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 certain key factors, such as regulatory developments and the rise of agentic AI, but the significance of these factors has diminished against the backdrop of global macroeconomic turbulence.' 2. Currently, 82% of institutional investors and 70% of non-institutional investors believe the crypto market is in a bear market or late bear market phase, a significant increase from 31% and 36% in December, respectively. Meanwhile, expectations for Bitcoin dominance are shifting toward a more 'stable' state, reflecting the impact of the macroeconomic environment. 3. In Q1 2026, the supply of BTC that moved within the past three months decreased by 37%, while the supply that has remained unmoved for over a year increased by 1%. This indicates a reduction in short-term trading activity, with more holdings being locked up by long-term holders. 4. Lastly, despite a period of heightened volatility in the crypto market, cumulative inflows into Bitcoin ETFs remain near historical highs. Overall, the report suggests that market sentiment is leaning toward caution, but the underlying fundamentals of the crypto market continue to improve.