NewsBTC •
April 30, 2026 at 08:00 •
Analysis
Fidelity Digital Assets says Bitcoin’s latest drawdown has pushed the market into a zone that has historically aligned with accumulation phases, even as its momentum signal remains negative and broader crypto risk appetite stays narrow. In its Signals Report Q2 2026, Fidelity’s research team described a market still working through a corrective phase rather than entering a broad-based expansion. Bitcoin remains the dominant source of unrealized profitability across the digital asset complex, while other major assets continue to stabilize after a sharp reset in Q1. Fidelity Says Bitcoin Looks Undervalued The report’s clearest Bitcoin price signal comes from the asset’s “Yardstick,” a valuation framework that compares Bitcoin’s market capitalization to hash rate. Fidel...
