Fidelity: Multiple Metrics Showing Early Signs of Stability, Bitcoin Building Base for 'Next Major Uptrend'

BlockBeats News, April 27th, according to Fidelity Digital Assets' released "Q2 2026 Signal Report," the cryptocurrency market, although in a consolidation phase, is showing early signs of stability through multiple indicators. The report points out that Bitcoin is still the market's "anchor," with funds continuing to concentrate on this most liquid asset. Its market dominance and unrealized profit levels reflect relative resilience during a period of price fluctuations.

Fidelity analysts stated that market momentum and profitability indicators generally align with characteristics of a "correction phase," laying the groundwork for a more stable market structure. The report also notes that Ethereum and Solana have shown a divergence between on-chain activity and price trends, with network usage demand remaining robust, indicating that the underlying protocol-level demand has not diminished.

Prior to this, Fidelity's Global Macro Strategy Director, Jurrien Timmer, also expressed optimism about Bitcoin, noting that Bitcoin is rebounding from the $60,000 low and establishing a new base around $78,000 in preparation for the "next major upward wave." Fidelity has also observed funds flowing from gold rotation back to Bitcoin ETP, reversing the trend seen at the end of 2025.