Coinbase, Glassnode say bitcoin recovery remains constructive

Glassnode’s Q4 2026 report with Coinbase Institutional says bitcoin moved from a bottoming process into an early recovery in the third quarter, even as the Federal Reserve resumed tightening and long-term Treasury yields climbed. The report, published on October 15, 2026, describes the quarter’s setup as constructive into year-end, while also flagging near-term caution. The report says the analysis combines Glassnode on-chain data with market and macro data through the end of September. It frames the quarter in three parts: the macro backdrop and fund flows, bitcoin’s on-chain and derivatives data, and Ethereum’s market and network activity. The authors also say the outlook is constructive, but they stop short of calling the recovery complete.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to Blockchain.News.