- Bitcoin’s stunning underperformance
- A “hopeful sign”
- The next bull cycle
Jurrien Timmer, Fidelity Investments’ director of global macro, has identified a critical silver lining in Bitcoin’s recent price action
A technical pattern shows that the worst of the sell-off may be over as the cryptocurrency remains below the make-it-or-break-it $70,000 level
Bitcoin’s stunning underperformance
Timmer’s latest analysis offers a sobering look at how Bitcoin stacks up against traditional assets using the Sharpe Ratio, which is a metric that is used for evaluating risk-adjusted returns.
HOT Stories
Ripple Exec Reports Breakthrough in DC Crypto Meeting
Crypto Market Review: XRP Faces 85% Volume Reset, Shiba inu (SHIB) Bull Run Chances Are Slim, Analyzing Dogecoin’s Possibility to Return to $0.10
According to the Fidelity executive, equities are currently sitting in the middle of the pack with modest 52-week Sharpe Ratios. Gold reigns supreme at the top while Bitcoin remains anchored at the bottom.
“Gold continues to exhibit very resilient behavior, recovering quickly from corrections,” Timmer noted. “This is what super-bull markets are made of.”
A “hopeful sign”
Still, there is a sign of hope. Bitcoin managed to carve out a “higher low” on Friday, holding strong at the $65,000 support zone.
Crucially, this occurred while more speculative equities were making lower lows. This divergence, according to Timmer, shows underlying strength and seller exhaustion on the crypto side.
“That’s a hopeful sign, especially after reaching the $65k support zone,” Timmer explained.
Bitcoin is currently changing hands at around $67,778, up 1.0% over the last 24 hours.
The next bull cycle
Following Bitcoin’s peak near $125,000 in October 2025, Timmer predicted that the four-year cycle bull market had ended.
As reported by U.Today, Timmer predicted that Bitcoin’s plunge to $60,000 could be the bottom of the correction
“A decline to ‘only’ $60k would be relatively shallow for a Bitcoin winter, but as the commodity currency matures, its ups and downs should become less dramatic,” he observed.
The Fidelity director views the current market as a necessary period of “backing and filling.”
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
The U.S. dominates global Bitcoin mining, and a 5.8% drop in hashrate triggers a miners’ profitability crisis
In the second quarter of 2026, global Bitcoin hashrate fell by 5.8%, dropping to 1004 EH/s, putting pressure on miner profitability. Even though the United States still accounts for 37.4% of hashrate, emerging markets such as Kyrgyzstan are growing rapidly, while hashrate in Iran and Argentina is declining. The mining industry is facing a period of adjustment, with both the retirement of high-cost mining rigs and market expansion occurring at the same time.
GateNews31m ago
Bitcoin Enters Relief Phase of the Bear Market, Crypto Analyst Reveals Bottom Time Frame
Bitcoin enters relief phase of the bear market.
Crypto analyst reveals bottom price formation time frame.
Can the price of BTC hit one last ATH before the bottom forms?
The price of Bitcoin (BTC), the pioneer crypto asset, continues to trade under the $70,000 price range and is
CryptoNewsLand34m ago
Strategy Buys Another 4,871 Bitcoin As Saylor Confirms $329.9 Million Purchase
Strategy has added 4,871 Bitcoin to its holdings, totaling 766,970 BTC at an average cost of $75,644 each, funded by equity sales. Despite a substantial unrealized loss, the company maintains a commitment to Bitcoin as a core asset.
BlockChainReporter1h ago
Can Trump’s ultimatum to Iran push Bitcoin price back up to $75K?
Key takeaways:
Trump’s Tuesday deadline to Iran creates a pivotal moment for Bitcoin as it continues to decouple from gold.
While a ceasefire could boost equities, Bitcoin’s $75,000 path depends on its role as a hedge against fiscal instability.
BTC may benefit from (no) US-Iran ce
Cointelegraph1h ago
