Coinbase Institutional Survey: Bearish sentiment has risen significantly, but the market may be nearing the end of price discovery.

Coinbase Institutional published an article on the X platform stating that a recent survey of nearly 150 investors shows a growing consensus on the maturity of the economic cycle. Among them, 26% of institutional investors and 21% of non-institutional investors believe that we are still in a bear market phase. This figure is a significant increase from 2% and 7% in the survey last September. It is worth paying attention to whether we are about to enter the final stage of price discovery and then begin the next accumulation phase.