26% of Institutions Call a Bear Market: What This Could Mean for Investors
A survey shows 26% of institutional investors see a bear market, yet many are holding or buying dips, believing Bitcoin is undervalued.Summary
A recent survey by Coinbase Institutional and Glassnode, conducted between late 2025 and early 2026, found that about 26% of institutional respondents and 21% of non-institutional respondents believe the crypto market is in a bear phase, a sharp increase from previous surveys. This perception aligns with on-chain metrics suggesting Bitcoin is in the early stages of a bear market, according to CryptoQuant research. However, investor actions suggest underlying long-term conviction: 62% of institutions and 70% of non-institutions have held or increased crypto allocations since October 2025, and a significant portion would buy a dip. Furthermore, 70% of institutions and 60% of non-institutions view Bitcoin as undervalued. Coinbase Institutional and Glassnode maintain a constructive outlook for Q1 2026, citing supportive inflation trends, resilient economic growth, and expected Fed rate cuts. Market data from Santiment also suggests that large-cap cryptocurrencies are undervalued based on MVRV ratios, indicating a potential buying opportunity rather than outright capitulation, though caution is advised due to ongoing volatility.
(Source：BeInCrypto)