Financial giant Fidelity wants you to believe Bitcoin is going nowhere and you should sell. Gee, I wonder why they would do that.
eamonjun on
Should be a signal to buy
coinfeeds-bot on
tldr; A Fidelity Digital Assets report suggests Bitcoin’s historical boom-bust cycles are structurally changing, supported by MVRV data showing reduced volatility and unrealized profits compared to previous cycles. Institutional involvement, such as ETFs and public companies holding significant Bitcoin, is dampening extreme sell-offs. The current cycle’s MVRV ratio remains lower than past peaks, indicating a shift in market dynamics. This structural change could lead to a more stable growth trajectory for Bitcoin.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
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Financial giant Fidelity wants you to believe Bitcoin is going nowhere and you should sell. Gee, I wonder why they would do that.
Should be a signal to buy
tldr; A Fidelity Digital Assets report suggests Bitcoin’s historical boom-bust cycles are structurally changing, supported by MVRV data showing reduced volatility and unrealized profits compared to previous cycles. Institutional involvement, such as ETFs and public companies holding significant Bitcoin, is dampening extreme sell-offs. The current cycle’s MVRV ratio remains lower than past peaks, indicating a shift in market dynamics. This structural change could lead to a more stable growth trajectory for Bitcoin.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.