Fidelity’s Timmer: Bitcoin’s Momentum Collapses
According to a chart shared by Fidelity's Jurrien Timmer, Bitcoin's momentum has collapsed because it is behaving as a high-beta "risk-on" asset that is suffering disproportionately during a broader market correction.
Gold (the yellow line) is acting as a "shield" (safe haven), but Bitcoin is acting as a "lever" (risk amplifier).
Below I show the same asset classes but now as price momentum, which I use to spot momentum outliers. Again, gold has been displaying excellent momentum despite being in a meaningful correction, while bitcoin is on the other side. pic.twitter.com/X7WCduApYg
— Jurrien Timmer (@TimmerFidelity) November 20, 2025
In late 2025, investors are "de-risking." When fear enters the market, liquidity tends to drive up. Investors sell their most speculative, volatile assets first to raise cash. Bitcoin, being the most volatile asset on this chart, suffers the hardest hit, causing its momentum to collapse much faster than the S&P 500.
Bitcoin, which is tightly correlated with liquidity and cheap money, struggles when monetary conditions tighten.
Earlier today, the leading cryptocurrency collapsed to the $86,000 level, with altcoins taking an even bigger hit. The cryptocurrency is now down a whopping 31% from its record high that was achieved on Oct. 6.
Complete failure of "digital gold" narrative
The chart shows a critical failure of Bitcoin to act as "digital gold" during this specific period.
After experiencing a minor correction, gold is currently doing its job as a store of value during market stress.
Bitcoin, on the other hand, is trending down, failing to act as a hedge. The cryptocurrency is essentially viewed as a technology/growth proxy,
As reported by U.Today, Timmer previously predicted that gold could potentially pass the baton to Bitcoin in the second half of the year, but BTC ended up collapsing sharply lower.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Ethereum News Update: Growing Institutional Interest in ETH Amid Rising Worries Over Decentralization
- Ethereum’s institutional adoption accelerates as Tether , BlackRock , and SGX expand crypto infrastructure and ETF strategies. - Vitalik Buterin warns of decentralization risks from concentrated ETH ownership and potential quantum computing threats by 2028. - SGX launches Bitcoin/Ethereum futures to boost institutional liquidity, while ETF outflows and bearish indicators signal market weakness.
Musk's Vision of a Future Without Mandatory Work Ignites Discussions on the Practicality of AI and Social Disparities
- Elon Musk predicts work will become optional in 10-20 years as AI/robotics render traditional labor obsolete, comparing future employment to leisure activities. - Tesla aims for 80% of its value to derive from Optimus robots, while economists question scalability challenges and decreasing returns in robotics adoption. - AI-driven sectors like Energy Management Systems are projected to grow rapidly, but face high costs and integration barriers for small businesses. - Critics warn Musk's vision risks exace
Federal Reserve Decisions and Their Impact on Solana (SOL)
- Fed's 2025 rate cuts and QE pivot drive institutional capital into Solana's blockchain ecosystem, boosting staking ETFs to $550M in assets. - Regulatory alignment via GENIUS Act and Solana's U.S.-backed stablecoin enhance institutional trust in crypto compliance frameworks. - Fed policy uncertainty triggers short-term volatility (14% Solana price drop), yet 21Shares' $100M ETF inflow signals enduring institutional confidence. - Projected 2026 QE transition could amplify liquidity for Solana's DeFi infras
ICP Caffeine AI's Latest Advancement and Its Impact on the Web3 Industry Driven by Artificial Intelligence
- ICP Caffeine AI, launched by DFINITY in 2025, enables no-code dApp development via natural language prompts on the Internet Computer blockchain. - Its "chain-of-chains" architecture processes AI tasks on-chain, positioning ICP as a first "AI-native blockchain" with hybrid cloud scalability. - A reverse-gas tokenomics model drove 56% ICP price growth and $237B TVL, but dApp activity dropped 22.4% amid SEC regulatory pressures. - Strategic Chain Fusion tech enables Bitcoin/Ethereum interoperability, attrac
Trending news
MoreCrypto prices
More
