Fidelity’s Jurrien Timmer: Flows Suggest Bitcoin Draws Back Gold Investors

Fidelity macro director Jurrien Timmer says ETP flow data indicate investors who left Bitcoin in late 2025 are rotating back as gold loses momentum. He describes Bitcoin’s drop from above $124,000 in October to near $60,000 as a "mild winter," with BTC now holding the $65-$70k area while it tries to build a base.