BlockBeats News, January 23rd, Coinbase Institutional's latest release of the Charting Crypto report stated that after the crypto market went through a correction at the end of 2025, the structural foundation of the market has become more solid in the first few months of 2026. The report emphasized that market positioning is improving, and the market environment is more balanced, a situation that will continue into the first quarter.David Duong, Global Investment Research Director at Coinbase Institutional, said: "Despite the shadow cast by last year's high-leverage liquidation still lingering, we remain constructive on the early-year outlook for the crypto market. Nonetheless, there are several reasons to be optimistic about the first quarter of 2026."The report pointed out that the decline in the fourth quarter of 2025 helped clear excessive leverage and speculative positions, bringing the market back to a healthier state. The current market environment does not signal a return to risk appetite but indicates the need for market adjustment. Investor participation remains active but more cautious, and position allocation is more rational and orderly compared to the expansion phase.Coinbase Institutional also noted that the macro environment is acting as a "buffer." The report stated that although uncertainty in monetary policy, geopolitics, and regulation persists, these risks are increasingly being absorbed by the market beforehand and reflected in position structures, rather than triggering sudden and drastic fluctuations, leading to a more rational and restrained market response.