Fidelity Digital Assets captured the rise in onchain metrics despite the crypto market entering the second quarter with stagnant prices. The analysis published in the Q2 2026 Signals Report reveals that indicators such as unrealized profitability, momentum, and network usage are showing signs of stabilization. Bitcoin, as the largest cryptocurrency, is carrying the market’s resilience; its dominance ratio is slowly recovering after the decline in the second half of 2025. Analysts are focusing on risk, positioning, and cycle dynamics instead of a price-focused view. BTC was trading in the 77,000 dollar range when the report was published; the current price is showing a slight decline at 76.638,79 USD (-1.20% 24h).
One of the main visuals from the report: BTC dominance compared with ETH-SOL network activityFidelity Q2 2026 Report Onchain Indicators
Crypto markets have shown volatile performance in recent months; Bitcoin and other major tokens are stuck in a narrow range. Investors are grappling with persistent inflation delaying central banks’ interest rate cuts and sudden fluctuations in global stock markets. Intensifying regulatory pressure in the US and internationally is deepening uncertainty, while conflicts in Eastern Europe and the Middle East are fueling trade tensions between major economies. The team led by Daniel Gray emphasizes that momentum and profitability indicators point to a corrective period under these conditions. For BTC detailed analysis, the report shows that fundamentals are strengthening beneath the surface stagnation.
Slow Recovery of Bitcoin Dominance
Usage levels on platforms like Ethereum, Solana, and other networks continue to defy price declines. The disconnect between price movements and network activity is noteworthy; protocol demand remains vibrant while valuations lag. Fidelity predicts that these dynamics reflect the recovery process and that structural renewals will slowly seep into prices. BTC dominance is giving stabilization signals in the post-report period.
Current BTC Technical Levels and RSI Analysis
Currently, RSI at 58.11 gives an uptrend signal, but Supertrend is in bearish position. EMA 20: 75.474 USD. Supports: S1 71.950 USD (strong, -6.47%), S2 76.546 USD (-0.50%). Resistances: R1 77.375 USD (+0.58%), R2 80.810 USD (+5.05%). The market is evolving into a more solid structure after overcoming risk-off periods; ETH futures and SOL detailed review reflect similar onchain strength. Confidence across the sector will be renewed under Bitcoin’s leadership.
Source: https://en.coinotag.com/fidelity-q2-2026-recovery-in-on-chain-metrics
