Bitcoin Bear Market May Not Yet Be Over, Says Fidelity

Fidelity warns that the Bitcoin bear market may not yet be over, pointing to persistent macroeconomic headwinds and weak market internals. Their analysis suggests on‑chain indicators and price action leave room for further downside or an extended period of consolidation. The key implication for Bitcoin is continued volatility and a muted near‑term recovery, which will likely constrain risk appetite and capital inflows. Investors should therefore prioritize risk management rather than assuming an imminent return to bullish trends.