PANews reported on April 29th that, according to the "Charting Crypto" report for Q2 2026 jointly released by Coinbase Institutional and Glassnode, the current financial market is primarily driven by macroeconomic events and developments in the Middle East conflict, making short-term direction difficult to predict. The report holds a cautiously optimistic view of the market outlook, believing that the macroeconomic environment may have shifted positively, helping crypto assets to bottom out 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 "optimism" phase, with approximately three-quarters of institutional respondents (75%) and non-institutional respondents (71%) believing Bitcoin is undervalued. Regarding Ethereum, short-term supply (tokens held for less than three months) decreased by 38% in Q1, while long-term supply (tokens held for more than one year) increased by 1%, indicating that some speculative players may have been forced out of the market.