Fidelity: Bitcoin Volatility Low, ‘Meaningful Move’ Ahead

Fidelity's framing matters less as a forecast than as a signal that low realized volatility is itself the story: compressed ranges tend to resolve, though direction is never implied. The read-through extends beyond spot BTC to the broader risk complex, where calm in the largest crypto asset can feed complacency in adjacent RWA and digital-asset exposure. What's worth watching is whether this quiet regime persists or breaks, and whether any move is driven by macro catalysts or crypto-native flows — that distinction shapes how the rest of the market absorbs it.