[Coinbase Report: Macro Environment May Have Turned Positive, Crypto Assets Likely to Bottom Out Soon] According to the Q2 2026 'Charting Crypto' report jointly released by Coinbase Institutional and Glassnode, the current financial market is primarily driven by macro events and developments in the Middle East conflict, making short-term direction difficult to predict. The report maintains a cautiously optimistic outlook on the market, suggesting that the macro environment may have shifted in a positive direction, which could help crypto assets form a bottom in the near term and recover later this quarter. Data shows that Bitcoin market sentiment has rebounded from the 'fear' phase in Q1 to the 'optimistic' phase, with approximately three-quarters of institutional respondents (75%) and non-institutional respondents (71%) believing that Bitcoin is undervalued.