Fidelity Updates Its Ethereum Spot ETF S-1 Filing

I do not agree with the view that the market cycle is only four years; I believe this cycle may extend to four and a half or even five years, and could last until 2026.

Major upgrades, which used to take place once a year, are now happening every six months, demonstrating that the foundation still maintains strong execution capabilities despite recent personnel changes.

The current bitcoin market structure is highly similar to Q1 2022, with over 25% of on-chain supply in a loss, ETF capital flows and spot momentum weakening, and the price relying on key cost basis areas.