According to CoinMeta, Wu said that Fidelity stated that despite the significant rise in Bitcoin and the crypto market in August, it is still uncertain whether the bear market has ended. Some investors are paying attention to a potential bottom in November 2026 based on the four-year cycle theory. The report mentions that low volatility followed by rising prices, high volatility, crypto regulation, monetary policy, institutional adoption, and growth in on-chain usage could all become catalysts for the market in the future. In addition, the U.S. Clarity Act is still under consideration in the Senate, and the "Cryptocurrency Regulations" proposed by SEC are still in the feedback collection stage.