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Fidelity Warns Bitcoin Rally Losing Cushion Amid 25% YTD Losses

Fidelity Digital Assets’ Q2 2026 Signals Report cautions that Bitcoin’s rally has eroded its profit cushion after a 25% year-to-date decline, leaving investors in a vulnerable 'repair' phase amid $4.6 billion in forced liquidations from January and February events. Bitcoin struggles to hold the $62,500–$76,022 support zone near current levels around $77,031, with macro risks like absent Fed rate cuts adding pressure. Earlier in the report, improving on-chain metrics like unrealized profitability and rising dominance signaled stabilization potential, while Ethereum (-31%) and Solana (-38%) lagged further, hinting at medium-term recovery if risks ease.

Category

Bitcoin

Sentiment

Mixed

Event

Institutional outlook

Reading time

1 min