According to Wu Blockchain, Fidelity stated that despite the significant rally in Bitcoin and the crypto market in August, it remains uncertain whether the bear market has ended. Some investors are focusing on a potential bottom in November 2026 based on the four-year cycle theory. The report mentions that factors like price increases after low volatility, high volatility, crypto regulation, monetary policy, institutional adoption, and on-chain usage growth could all serve as catalysts for the market moving forward. The U.S. *CLARITY Act* is still under review in the Senate, while the SEC's proposed *Crypto Asset Rules* are still in the public comment phase. https://(wublock123.com)/news/fidelity-bitcoin-august-rally-bear-market-uncertain-67802