Coinbase Survey Shows Institutional Confidence Declines but Holdings Remain Steady
- Market Sentiment Shift: The Coinbase and Glassnode survey reveals that 26% of institutions now label the current market as a bear market, a significant increase from just 2% previously, indicating heightened sensitivity to volatility and downside risks.
- Stable Holding Behavior: Despite the cautious outlook, most institutions report holding or increasing their crypto exposure since October, with only a small fraction actively reducing risk or cutting positions, suggesting that capital withdrawal has not significantly increased.
- Bitcoin Valuation Confidence: Approximately 70% of institutional respondents view Bitcoin as undervalued at current levels, and despite a more defensive tone, the majority's risk posture aligns with this assessment, indicating confidence in their holdings.
- Inconsistent Market Classification: The survey highlights a lack of consensus among institutions regarding the current phase of the crypto market cycle, with views scattered across accumulation, late bull, and bear market classifications, reflecting high uncertainty in market strategy.
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Technical Analysis for BTC
Technical Sentiment Analysis for Bitcoin (BTC) As of , Bitcoin (BTC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Bitcoin (BTC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 36099.581 | 48049.791 | 60369.601 | 72319.811 | 84639.621 | 96589.831 | 108909.641 |
| Fibonacci | 48049.791 | 57320.938 | 63048.663 | 72319.811 | 81590.958 | 87318.683 | 96589.831 |
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