Fidelity: Multiple indicators are showing early stabilization signals, bitcoin is bottoming out in preparation for the "next primary upward wave"

Jinse Finance reported on April 28 that according to the “Q2 2026 Signals Report” released by Fidelity Digital Assets, although the cryptocurrency market is in a consolidation phase, multiple indicators are showing early signs of stabilization. The report points out that Bitcoin remains the “anchor” of the market, with capital continuing to concentrate in this most liquid asset. Its market capitalization and unrealized profit levels reflect relative resilience amid volatile conditions. Fidelity analysts state that overall, market momentum and profitability indicators align with the characteristics of a “correction phase,” potentially laying the groundwork 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 demand remaining robust, indicating that the underlying protocol-level demand has not diminished. Previously, Fidelity’s global macro strategist Jurrien Timmer also expressed optimism toward Bitcoin, believing that Bitcoin is rebounding from the $60,000 low and establishing a new base near $78,000, preparing for the “next major upward wave.” Fidelity also observed that capital is rotating back from gold to Bitcoin ETPs, reversing the trend seen at the end of 2025.