Fidelity Sees Attractive Long-Term Entry Conditions in Bitcoin, Ethereum, Solana
Fidelity's Q3 signal report shows that the prices of BTC, ETH, and SOL are at historic lows.
The Net Unrealized Profit/Loss (NUPL) for these assets is also at historical lows, with multiple indicators approaching capitulation zones.
BTC is the only asset in positive territory, with an unrealized profit of approximately $10.8 billion and a 10% gain above its cost basis.
ETH and SOL are respectively 30% and 41% below their cost bases, with unrealized losses of around $8.7 billion and $2.9 billion.