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Fidelity: Bitcoin drawdown near 50% this cycle versus 80%–90% in prior cycles
Fidelity Digital Assets said Bitcoin has fallen about 50% this market cycle, a smaller post-ATH drawdown than the historical 80% to 90% declines seen in past cycles. The firm's analyst Zack Wainwright added that cycle-to-cycle returns have shown "diminishing" moves, while separate analysts suggested a potential bottom window in late September or early October 2026 and noted BTC remains below key moving averages.