BlockBeats News, April 1st, Fidelity Digital Assets stated that Bitcoin has experienced a roughly 50% decline in this market cycle, much less than in previous cycles, and indicated that this trend may continue over time.
Fidelity Digital Assets research analyst Zack Wainwright stated on Tuesday that after hitting a new all-time high, Bitcoin has historically experienced a significant pullback ranging from 80% to 90%, but in this cycle, the retracement is around 50%. By looking at Bitcoin’s price performance from the perspective of the previous cycle’s peak, it can be seen that a “diminishing returns” pattern has emerged between cycles. “The magnitude of each cycle’s upward move weakens compared to the previous cycle,” he said, “In 2026, which is the current cycle, the downside risk has also diminished.”
