en.bitcoinsistemi.com
A new report published today by Fidelity reveals that while the cryptocurrency market is in a consolidation phase, key indicators are beginning to signal stability.
According to the report, investor funds continue to concentrate largely in BTC, the most liquid asset, especially as Bitcoin maintains its role as an “anchor asset” in the market.
The report stated that Bitcoin’s market capitalization dominance and unrealized earnings metrics indicated relative resilience despite volatile market conditions. Analysts noted that current market momentum and profitability indicators were generally consistent with a “correction” phase, which could pave the way for a transition to a healthier and more sustainable market structure.
On the other hand, the report revealed a divergence between on-chain activity and price movements on Ethereum and Solana. Despite this, it noted that network usage demand remained strong and there was no significant weakening in demand at the core protocol level.
Jurrien Timmer, Fidelity’s global head of macro strategy, had previously stated that Bitcoin had recovered from the $60,000 level, forming a new base around $78,000 and preparing for “the next big bull wave.”
The institution also noted that the trend seen in late 2025 has reversed, with investor funds beginning to shift back from gold to Bitcoin ETPs.
*This is not investment advice.