Coinbase Institutional and Glassnode report that Bitcoin is entering a more stable, resilient phase. The Q4 2025 drawdown largely flushed out excess leverage, reducing the market's sensitivity to cascading liquidations and improving its ability to withstand macro shocks. Institutions now favor options hedging over high-leverage futures, while on-chain data indicates long-term holders are redistributing rather than panic selling. https://t.co/HdOPdO16qA ...