Q1 2026 Cryptocurrency Market Outlook Positive, Bitcoin Seen as Undervalued: Joint Report by Coinbase

Coinbase, a major U.S. cryptocurrency exchange, and Glassnode, a leader in on-chain analysis, released a joint report titled 'Charting Crypto' on the 26th, outlining the cryptocurrency market outlook for the first quarter of 2026 (Q1). Following a significant leverage liquidation event in October 2025, the market, which had suffered damage, was assessed to have entered the new year in a 'much healthier state' with excessive leverage cleared. The report argues that the outlook for Q1 is bright amid a relatively stable macroeconomic environment, with the U.S. inflation rate stabilizing at 2.7% as of December 2025.