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

April 27th — Per Fidelity Digital Assets’ newly released **Q2 2026 Signal Report**, the cryptocurrency market, while in a consolidation phase, is showing early signs of stabilization across multiple indicators. The report stresses Bitcoin remains the market’s “anchor,” with capital continuing to flow into this most liquid asset. Its market dominance and unrealized profit levels reflect relative resilience amid price fluctuations. Fidelity analysts note market momentum and profitability metrics generally align with “correction phase” characteristics, laying the groundwork for a more stable market structure. The report also points out Ethereum and Solana have seen a divergence between on-chain activity and price trends—network usage demand remains robust, signaling underlying protocol-level demand hasn’t waned. Prior to this, Jurrien Timmer, Fidelity’s Global Macro Strategy Director, also expressed optimism about Bitcoin: he noted BTC is rebounding from its $60,000 low and establishing a new base around $78,000, prepping for the “next major upward wave.” Fidelity has also observed capital rotating from gold back into Bitcoin ETPs, reversing the trend seen at the end of 2025.