Fidelity Digital Assets Q2 Report: Bitcoin Dominance Rising, On-Chain Data Shows Stabilization Signals

Gate News message, April 27 — Fidelity Digital Assets released its Q2 2026 Signal Report, highlighting stabilization signals across multiple on-chain metrics despite early second-quarter consolidation in the crypto market.

Bitcoin's market dominance continued to rise, with capital concentrating toward the most liquid assets. Unrealized profit levels and momentum indicators align with characteristics of a correction period, potentially laying the groundwork for more stable market structure. Ethereum and Solana showed divergence between network usage and price movement, indicating steady demand at the protocol level.

The report noted persistent negative funding rates in Bitcoin futures, which research firm 10x attributed to institutional structural hedging behavior rather than an overall bearish signal.