Fidelity Highlights Record Bitcoin Long-Term Holder Supply Amid Bear Market Signals

1. Fidelity Digital Assets reports Bitcoin held by long-term investors at a record high of nearly 15 million coins. Newsworthy Reliable Positive
2. Long-term holder supply expands through bear markets and contracted in bull markets, signaling investor conviction. Newsworthy Reliable Positive
3. About 40% of these Bitcoin holders are at unrealized losses but remain invested, implying strong conviction. Relevant Reliable Positive
4. Bitcoin currently trades roughly 50% below its October 2025 peak of over $126,000, a milder decline than previous bear markets. Newsworthy Reliable Neutral
5. Fidelity notes on-chain metrics near historical bottom levels but does not confirm a bear market low yet. Newsworthy Reliable Positive
6. Analyst Benjamin Cowen projects Bitcoin’s bear market bottom likely in Q4 around $44,000 based on seasonal factors. Relevant Reliable Neutral
7. August historically brings negative price performance during U.S. midterm election years, posing a test for Bitcoin. Relevant Reliable Negative
8. Fidelity emphasizes steady long-term holder conviction but refrains from declaring the end of the bear market. Relevant Reliable Neutral

Type: standard news · Analysis confidence: 95%

Used in syntheses

• MARA CEO says bitcoin payments declining as price nears $66K but faces resistance • Spot ETFs see $465M outflows • Long-term holders retain nearly 15M BTC • $15M pledged for bitcoin security • Massachusetts Senate moves to ban crypto ATMs