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Fidelity Flags October and Bitcoin Bottom as ‘Yardstick’ Hits Historic Lows


Fidelity Flags October and Bitcoin Bottom as ‘Yardstick’ Hits Historic Lows

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Fidelity's Q3 Signals Report (released Tuesday) says BTC’s yardstick is near historic lows and several sentiment indicators are approaching capitulation territory in the crypto market. Bitcoin is trading roughly 50% below its all-time high—shallow relative to prior bear-market bottoms—indicating sentiment-driven downside risk and limited recovery so far.

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“BTC’s Yardstick is hovering near historic lows, while several sentiment indicators are approaching capitulation territory,” stated Fidelity in its Q3 Signals Report on Tuesday.

However, bitcoin is currently trading around 50% below its all-time high, which is still shallow compared to previous bear market bottoms.

Read the article at CryptoPotato

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Coins

$ 63.86K

+0.19%

$ 0.00175

+4.19%

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