Coinbase Institutional 2026 Q3 Crypto Market Outlook Neutral macro pressure and chain signal differentiation

Coinbase Institutional and Glassnode released the "ChartingCrypto Third Quarter 2026" report, maintaining a neutral outlook for the crypto market. The report shows that on-chain data suggests that Bitcoin may be moving from a correction stage to an accumulation stage, but the Federal Reserve's hawkish stance, weak demand for spot ETFs and geopolitical risks still weigh on the market outlook.