Coinbase Report: Crypto Market Structure More Robust After Adjustment, Q1 Outlook Optimistic

According to the latest Charting Crypto report released by Coinbase Institutional, following the adjustment at the end of 2025, the crypto market has entered the first few months of 2026 with a more solid structural foundation, improving market positioning, and a more balanced market environment, a situation expected to persist through the first quarter. The decline in the fourth quarter of last year helped clear out the excessive leverage and speculative positions that had accumulated previously. The current environment indicates the market is undergoing a recalibration rather than returning to aggressive risk-taking. Investor participation remains active but more cautious, with position allocation being more reasonable and orderly compared to previous expansion phases. This reduces the market's downside risk and enhances its resilience to shocks. Furthermore, the macro environment is acting as a "buffer." The report states that although uncertainties regarding monetary policy, geopolitics, and regulation persist, these risks are increasingly being priced in by the market ahead of time and reflected in positioning structures, rather than triggering sudden, sharp volatility. This leads to more rational and restrained market reactions. (CoinDesk)