ChainCatcher 消息，Coinbase Institutional 最新发布的 Charting Crypto 报告称，加密市场在经历了 2025 年底的调整后，进入 2026 年的前几个月，其结构基础更加稳固，市场定位正在改善，市场环境也更加平衡，这种情况将持续到第一季度。
去年第四季度的下跌有助于出清此前积累的过度杠杆和投机头寸，当前环境显示市场正在进行重新校准，而非重回激进冒险。投资者参与保持活跃但更加谨慎，仓位配置也比以往扩张阶段更加合理有序，这降低了市场的下行风险，使市场更能抵御冲击。此外，宏观环境正在发挥“缓冲器”的作用。报告称，尽管货币政策、地缘政治和监管方面的不确定性依然存在，但这些风险正越来越多地被市场提前消化并反映在仓位结构中，而非引发突发性的剧烈波动，从而使市场反应趋于理性和克制。
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.