Key Takeaways:
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Fidelity Digital Assets said Bitcoin is not disturbed and the firm is holding an optimistic mid-term perspective.
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The Jolts report shows a sharp collapse in open jobs in the US, increasing the hope of investors for interest rate cuts.
According to Fidelity Digital Assets, Bitcoin's mid-term perspective (BTC) mentioned That BTC is trending towards “undervaluation.”
As proof, the firm cited the measure of 'Bitcoin Yardstick', which measures the BTC market cap divided into its hashrate. A lower ratio suggests that Bitcoin is “cheaper” related to its network energy security.
In Q1 2025, the scale remained between -1 and 3 standard deviations, cooling from Q4 2024 excessive heat levels. The number of days more than 2-standard deviations decrease from 22 to 15, which is not above 3, indicating that bitcoin is cheaper compared to its network strength.
The investment firm noted that Bitcoin is in a “acceleration phase,” where rallies to new highs are not uncommon, even if they warn a top top.
The Illiquid supply increased from 61.50%to 63.49%, while the liquid supply fell 4%, indicating the holders were increasingly focused on long -term positions. The unobtrusive shock ratio, currently 16% below its 2017 climax.
According to this perspective, Cointelegraph reported that Blackrock's Ishares Bitcoin Trust (IBIT) ETF recorded a significant flow of $ 970.9 million on April 28, 2025, marked the second largest daily flow from the launch of January 2024.
Since April 22, Ibit has gathered more than $ 4.5 billion in net inflows, destroying greater markets in the market where competitors such as Fidelity's FBTC and ArkB are facing flows. With more than $ 54 billion in property under management, Ibit holds a 51% part of the US spot Bitcoin ETF market.
Related: BlackRock Bitcoin ETF bought $ 970m at BTC as a flow, Boost Market
Bitcoin gets a strengthening from US Jolts data
The March 2025 US Openings and Labor Turnover Summary (Jolts) The report showed A stab to 7.19 million from 7.57 million in February, below the 7.48 million forecast. A lower-than-anticipated number of Jolts indicates a labor cooling market, which increases expectations for reductions in the rate of federal reserve, which weakens the dollar and raises risk assets such as Bitcoin.
On the contrary, a higher than-expect figure suggests economic strength, potentially delaying cuts and pressures of crypto prices. With federal disappearances at a 2020 climax, market expectations are leaning slightly.
Economist and Bitcoin commentist Alex Kruger recognized Jolts' data as a short-term win for Bitcoin, as a “risk/gold hybrid” achieved from tariff de-escalation after Trump's 90-day pause (ending July 8).
In an x post, the analyst predicted Those markets can focus on the revenue guide from companies such as Caterpillar and Tech Stocks, while watching the Federal Open Market Committee (FOMC) of next week, where Powell can signal an earlier rate reduction.
Kruger has warned of a slowdown in the Q3 economy where markets may volatile, but he also said that the unique risk of Bitcoin would reduce altcoins, which analyst pointed to as an excessive thought.
Related: Bitcoin's 'Hot Supply' is close to $ 40B while new investors flooded at $ 95K
This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.
