WHAT INSTITUTIONS SAY VS WHAT THEY’RE DOING
Coinbase investor survey shows that:
📉 26% of institutions now say we’re in a bear market -- up from just 2% last survey
📊 Even so, 62% of institutions have held or increased crypto exposure since October
🟠 70% of institutions say Bitcoin is undervalued at current levels
🚫 Only a small group actually reduced risk or cut positions
So yes -- confidence sounds shakier, but capital hasn’t left.
Institutions are cautious in what they say, steady in what they do. That disconnect usually shows up on the chart later. ⏰
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