Fidelity: BTC declines are becoming milder than in past cycles

Bitcoin is experiencing a milder decline in the current cycle compared to previous ones, according to an analysis by Fidelity. Zack Wainwright, a research analyst at Fidelity Digital Assets, noted that while BTC has historically seen sharp drops of 80% to 90% after reaching all-time highs, the decline in this cycle has been limited to around 50%. "As cycles repeat, a phenomenon of diminishing returns is emerging, with volatility decreasing during both rises and falls," he explained, according to Cointelegraph. Separately, Joao Wedson, founder of crypto analytics firm Alphractal, projected that the market bottom is likely to form in late September or early October, based on historical patterns. He noted that the peak of the current cycle occurred 534 days after the last halving.