- Bitcoin’s stunning underperformance
- A “hopeful sign”
- The next bull cycle
Jurrien Timmer, Fidelity Investments’ director of global macro, has identified a critical silver lining in Bitcoin’s recent price action
A technical pattern shows that the worst of the sell-off may be over as the cryptocurrency remains below the make-it-or-break-it $70,000 level
Bitcoin’s stunning underperformance
Timmer’s latest analysis offers a sobering look at how Bitcoin stacks up against traditional assets using the Sharpe Ratio, which is a metric that is used for evaluating risk-adjusted returns.
HOT Stories
Ripple Exec Reports Breakthrough in DC Crypto Meeting
Crypto Market Review: XRP Faces 85% Volume Reset, Shiba inu (SHIB) Bull Run Chances Are Slim, Analyzing Dogecoin’s Possibility to Return to $0.10
According to the Fidelity executive, equities are currently sitting in the middle of the pack with modest 52-week Sharpe Ratios. Gold reigns supreme at the top while Bitcoin remains anchored at the bottom.
“Gold continues to exhibit very resilient behavior, recovering quickly from corrections,” Timmer noted. “This is what super-bull markets are made of.”
A “hopeful sign”
Still, there is a sign of hope. Bitcoin managed to carve out a “higher low” on Friday, holding strong at the $65,000 support zone.
Crucially, this occurred while more speculative equities were making lower lows. This divergence, according to Timmer, shows underlying strength and seller exhaustion on the crypto side.
“That’s a hopeful sign, especially after reaching the $65k support zone,” Timmer explained.
Bitcoin is currently changing hands at around $67,778, up 1.0% over the last 24 hours.
The next bull cycle
Following Bitcoin’s peak near $125,000 in October 2025, Timmer predicted that the four-year cycle bull market had ended.
As reported by U.Today, Timmer predicted that Bitcoin’s plunge to $60,000 could be the bottom of the correction
“A decline to ‘only’ $60k would be relatively shallow for a Bitcoin winter, but as the commodity currency matures, its ups and downs should become less dramatic,” he observed.
The Fidelity director views the current market as a necessary period of “backing and filling.”
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
UK Crypto Tax New Rules Take Effect, User Data Sharing Raises Security Risk Concerns
The United Kingdom implemented new CARF-based regulations on March 20th, requiring crypto service providers to submit detailed user information to tax authorities, with automatic data exchange with over 70 countries planned for 2027. This mechanism aims to curb tax evasion but has raised privacy and security concerns, particularly regarding the increase in violent incidents such as "wrench attacks." Analysts believe that balancing regulation with user safety will be a key challenge going forward.
GateNews5m ago
Long-term BTC short-seller mega whale "Ultimate Short" closes position and pivots, going long Nasdaq 100 with $13.6 million
Major whale "Ultimate Short" recently increased positions in Nasdaq-100 index long positions with a scale of $13.6 million, marking its shift from long-term BTC short positions to long positions in US tech stocks. Previously, after profiting $61.4 million from BTC short positions, it has completely closed those positions.
GateNews28m ago
Hong Kong young investor loses $160M in BTC, theft allegedly committed by live-in partner
A Hong Kong investor lost $160 million in Bitcoin due to a theft by their live-in partner who had access to their digital assets, underscoring security risks in sharing private keys.
GateNews48m ago
On-chain address cleaned out BTC and ETH positions, taking $1.75M profit before opening $39.4M long position
On March 20th, address 0x94d closed out 105 million dollars in BTC and ETH short positions, realizing profits of approximately 1.75 million dollars, then reversed to open long positions. The current long position size has reached 39.4 million dollars with unrealized losses of approximately 10,000 dollars. This address is known for reverse operations and excels at swing trading.
GateNews56m ago
Iran Strikes Qatar LNG Causing $20 Billion Annual Loss, Bitcoin Drops Below $70K
Iran's Islamic Revolutionary Guard Corps (IRGC) launched missile strikes on Qatar's Ras Laffan Industrial City on March 18-19, 2026, severely damaging two LNG production trains representing 12.8 million tons per annum (MTPA) of capacity—approximately 17% of Qatar's LNG exports—and forcing QatarEnergy to declare force majeure on long-term contracts for up to five years.
CryptopulseElite1h ago
