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Fidelity: Bitcoin Bull-Bear Cycle Volatility Expected to Narrow with Industry Maturity
On April 1, Fidelity Digital Assets stated that Bitcoin has fallen by approximately 50% in the current market cycle, a decline much smaller than in previous cycles, and this trend may continue over time. Zack Wainwright, a research analyst at Fidelity Digital Assets, noted on Tuesday that Bitcoin’s retracement after reaching historical highs has typically been significant, ranging from 80% to 90%, but this cycle has seen a retracement of about 50%. When examining Bitcoin’s price performance from the perspective of the previous cycle’s peak, a pattern of ‘diminishing returns’ between cycles can be observed. ‘Each cycle’s upward movement is weaker than the previous one,’ he stated, ‘and in 2026, which is the current cycle, the downside risk has also decreased.’