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Jinse Finance reported on April 28 that according to the “Q2 2026 Signals Report” released by Fidelity Digital Assets, although the cryptocurrency market is in a consolidation phase, multiple indicators are showing early signs of stabilization. The report points out that Bitcoin remains the “anchor” of the market, with capital continuing to concentrate in this most liquid asset. Its market capitalization and unrealized profit levels reflect relative resilience amid volatile conditions. Fidelity analysts state that overall, market momentum and profitability indicators align with the characteristics of a “correction phase,” potentially laying the groundwork for a more stable market structure. The report also notes a divergence between on-chain activity and price trends for Ethereum and Solana, with network demand remaining robust, indicating that the underlying protocol-level demand has not diminished. Previously, Fidelity’s global macro strategist Jurrien Timmer also expressed optimism toward Bitcoin, believing that Bitcoin is rebounding from the $60,000 low and establishing a new base near $78,000, preparing for the “next major upward wave.” Fidelity also observed that capital is rotating back from gold to Bitcoin ETPs, reversing the trend seen at the end of 2025.

Due to cooling demand in the United States, a certain exchange's premium index turned negative after rising for 19 consecutive days, indicating that institutional demand has paused. Bitcoin may face risks of consolidation or pullback in the short term. In addition, Bitcoin failed to recover the realized price for short-term holders at $79,200. Although the price has risen to $79,000, a certain exchange whale is still holding a large number of long positions.

This positive momentum is mainly attributed to the significant increase in the actual sales prices of products during the quarter. As the supply and demand in the steel market continued to improve, the company effectively enhanced its operational efficiency by optimizing its product pricing strategy. The strengthened profitability of the raw materials segment reflects the company's outstanding capabilities in cost control and market adaptability.