Woofun AI reports that Jurien Timmer, Global Head of Macro at Fidelity, stated Bitcoin is nearing the lower support line of the "Power Law Model," currently situated around $58,000. With the asset trading near $62,700, Timmer suggests the market may be entering an "accumulation zone" defined by this long-term historical model.

Timmer clarified that this does not confirm a market bottom, projecting potential multi-month fluctuations around the support level rather than an immediate rebound. He observed that short-term capital has exited Bitcoin, with fund flows rotating from Bitcoin to gold, and then from gold to the semiconductor sector, where current market hotspots remain concentrated.