The cryptocurrency market has shown signs of recovery in the first week of 2026, following the turbulence at the end of 2025. Both Bitcoin (BTC) and Ethereum (ETH) have recorded significant gains, indicating a positive shift in market sentiment and on-chain structures. This recovery suggests that the market is rebounding from the pressures experienced at the end of last year. Matrixport's market analysis highlights the current stage of the market by examining macroeconomic factors, on-chain data, and derivatives structures. These insights provide a comprehensive view of the market's recovery trajectory as it enters the new year.