#加密市场观察 Fidelity: Multiple indicators are showing early signs of stability, with Bitcoin bottoming out in preparation for the "next major upward wave"

On April 28, according to Fidelity Digital Assets' "Q2 2026 Signal Report," although the cryptocurrency market is in a consolidation phase, several indicators are signaling early stability. The report states that Bitcoin remains the market's "anchor," with funds continuously flowing into this most liquid asset, its market capitalization share and unrealized profits reflecting relative resilience amid volatile conditions.
Fidelity analysts said that the overall market momentum and profitability indicators are consistent with "correction phase" characteristics, potentially paving the way for a more stable market structure. The report also notes a divergence between on-chain activity and price trends for Ethereum and Solana, with network usage demand remaining strong, indicating that demand at the protocol layer has not weakened.
Previously, Jurrien Timmer, head of Fidelity's global macro strategy, also expressed optimism about Bitcoin, believing that Bitcoin is rebounding from a low of $60,000 and establishing a new base near $78,000, preparing for the "next major upward wave." Fidelity also observed that funds are rotating back from gold into Bitcoin ETPs, reversing the trend seen at the end of 2025.