Fidelity: Multiple indicators are showing early signs of stability, with Bitcoin bottoming out in preparation for the "next major upward wave."

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BlockBeats News, April 27—According to Fidelity Digital Assets’ “Q2 2026 Signal Report,” although the cryptocurrency market is in a consolidation phase, multiple indicators are showing early signs of stability. The report notes that Bitcoin remains the market’s “anchor.” Funds continue to concentrate in this most liquid asset, and its market-capitalization share and unrealized profit levels reflect relative resilience amid a choppy trading environment.

Fidelity analysts said that overall market momentum and profitability metrics broadly match the characteristics of a “correction phase,” which may be laying the groundwork for a more stable market structure. The report also points out that on-chain activity and price performance for Ethereum and Solana have diverged: network usage demand remains firm, indicating that demand at the underlying protocol layer has not yet weakened.

Previously, Jurrien Timmer, Fidelity’s global macro strategy director, was also optimistic about Bitcoin. He believes Bitcoin is rebounding from a $60,000 low and establishing a new base around $78,000, preparing for the “next major upward wave.” Fidelity also observed that capital is rotating from gold back into Bitcoin ETPs, reversing the trend seen at the end of 2025.

BTC-1.59%
ETH-3.07%
SOL-2.55%
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