Coinbase Institutional and Glassnode have released a Q4 market briefing titled 'Charting Crypto,' revealing cautious optimism among investors as 2025 draws to a close. The report, based on a survey conducted from September 17 to October 3, 2025, with over 120 global investors, indicates that 67% of institutional and 62% of non-institutional respondents are bullish on Bitcoin for the next three to six months. Key factors contributing to this sentiment include supportive liquidity, regulatory momentum, and a favorable macroeconomic environment, especially in the U.S. The report also highlights that Bitcoin's long-term holders remain steady, while Ethereum is experiencing increased exchange-traded fund inflows and improved network activity.