Fidelity: Bitcoin Is 'Lone Loser'
Analysis
Price Impact
HighFidelity's head of global macro, jurrien timmer, views bitcoin as a 'lone loser' this year, citing uncertain tailwinds from bitcoin treasury companies turning into headwinds. he also notes weakening technical momentum and underperformance against strong equity markets despite an accommodative fed.
Trustworthiness
HighFidelity is a major, reputable financial institution, and jurrien timmer is a high-ranking analyst within the firm, making his macro-level observations significant.
Price Direction
BearishThe analysis highlights bitcoin's 'lone loser' status, technical breakdown below a key upward trend, and a 'maturing' bull market cycle, all pointing towards a potential extended period of underperformance and downside pressure.
Time Effect
LongThe discussion of 'maturing network curve' and successive bitcoin cycles slowing down in magnitude and duration suggests a longer-term trend of weakening momentum and underperformance rather than a short-term correction.
Original Article:
Article Content:
Cover image via U.Today Read U.TODAY on Google News "Mature" bull market Macro context Advertisement Jurrien Timmer, head of global macro at Fidelity Investments, has opined that Bitcoin has been "a lone loser" this year. "Bitcoin has been the lone loser this year in terms of performance," Timmer said in a recent social media post. He has noted that tailwinds from Bitcoin treasury companies are uncertain, and they are now adding more downward pressure. HOT Stories Fidelity: Bitcoin Is 'Lone Loser' 4 Reasons Why XRP Matters Named by 21Shares as New XRP ETF Wins SEC Approval Morning Crypto Report: XRP Loses 89% in Fee Revenue, Satoshi Nakamoto Appears at New York Stock Exchange, Bitcoin Rockets 3,065% in Liquidation Imbalance Strategy Might Sell Bitcoin, CEO Says "What was widely considered to be a tailwind from Bitcoin Treasury companies offering a Bitcoin ‘yield’… has turned into a possible headwind," the analyst added. Advertisement "Mature" bull market Technical analysis indicates Bitcoin has fallen below a key upward trend, suggesting momentum is weakening. This raises questions about whether the current 4-year Bitcoin cycle is ending. "Looking at the evolving wave structure of Bitcoin’s maturing network curve… the most recent bull market (from around $16k in 2022) looks pretty mature," he said. You Might Also Like Wed, 11/12/2025 - 16:07 Fidelity Reveals Who's Selling Bitcoin By Alex Dovbnya Advertisement Successive waves since 2010 are smaller in magnitude but longer in duration. This indicates that each Bitcoin cycle is slowing down. Macro context Timmer has noted that the market is approaching year-end with strong "earnings momentum, a better sentiment backdrop following the palate-cleansing of speculative excesses," and "an accommodative Fed." Corporate profits are coming in stronger than expected, thus supporting equity markets. Bitcoin is underperforming stocks, which is rather embarrassing. Interest rates have been lowered, which has helped to encourage borrowing and investment. However, Bitcoin is failing to benefit from this. Meanwhile, minimal turbulence in traditional fixed-income and forex markets reduces the urgency for alternative investments like Bitcoin. #Bitcoin News #Bitcoin Price Prediction #Fidelity