Fidelity VP: Bear Market May Not Be Over, BTC Faces November Test

ME News reports that on October 9 (UTC+8), Chris Kuiper, Vice President of Research at Fidelity Digital Assets, stated: “The bear market may not be over.” He noted that the rally since August could either mark the beginning of a new uptrend or merely a countertrend rebound within the ongoing bear market, emphasizing that “price increases do not guarantee the end of a bear market.” According to the four-year cycle model, November is a critical window to watch—last bear market bottom occurred in November 2022—but he stressed that historical cycles have never perfectly repeated, and BTC could decline again, potentially setting a new low in November or later. A more positive signal is the sharp increase in digital asset volatility from June to mid-August, following a period of low volatility, a pattern resembling previous bear market bottoms, suggesting selling pressure may be nearing exhaustion. Meanwhile, stablecoin transfers, RWA adoption, and institutional participation have continued to grow during this period. (Source: ChainCatcher)