PANews reported on January 24 that Coinbase Institutional published an article on its X platform stating that a survey of nearly 150 investors conducted in December showed a growing consensus on the maturity of the economic cycle. 26% of institutional investors and 21% of non-institutional investors believed that the market was in a bear market phase, a significant increase from 2% and 7% in the September survey. Whether the market is about to enter the final stage of price discovery before starting the next accumulation phase is worth watching.