According to @EricBalchunas, Fidelity has an "interesting thesis on the Bitcoin market" and he directed readers to a post by Chris J Kuiper for details. Source: X post by @EricBalchunas on Nov 12, 2025: https://twitter.com/EricBalchunas/status/1988734731320799318 and linked X post by @ChrisJKuiper: https://x.com/ChrisJKuiper/status/1988608974590009629 No specific metrics or conclusions are included in the post itself, so traders should consult the linked Fidelity analysis directly before adjusting BTC spot or derivatives exposure. Source: X post by @EricBalchunas on Nov 12, 2025: https://twitter.com/EricBalchunas/status/1988734731320799318 and linked X post by @ChrisJKuiper: https://x.com/ChrisJKuiper/status/1988608974590009629