$BTC A joint report by Coinbase & Glassnode reveals a significant paradox within financial institutions in the cryptocurrency market.
Out of every 4 institutions, they believe we have entered a bear market.
But…
The same companies see Bitcoin as undervalued.
And they say they have maintained or increased their Bitcoin holdings since October.
The reason?
Bear market = just a term to describe a phase
Undervalued = a long-term perspective
What happened in October was more about liquidating altcoins than exiting the market.
:
• Bitcoin dominance has remained steady at 58–59% for a long time
• Eve