Bitcoin hesitates as Fed rate-cut doubts and liquidity squeeze fuel crash fears, while Fidelity sees signs of a market bottom

On-chain indicators, miners' net purchases and short-term holder capitulation point toward a potential market bottom, but recent steep sell-offs, uneven ETF-led rebounds, unclear macroeconomic signals and ambiguous on-chain readings leave Bitcoin and the wider crypto market fragile, spurring crash fears with no clear confirmation.