September had every excuse to dump Bitcoin. A Fed hike, the first since 2023. $100 oil with the Strait of Hormuz closed. The CLARITY Act dying in the Senate. The 30-year yield at its highest since 2004.
Bitcoin closed the month up 6.2%.
That is the fourth green September in a row and the best third quarter since 2017, per 21Shares. Seasonality said September averages a 2.4% loss. The tape said otherwise. What led matters more than the number: Uniswap fees nearly doubling on real Robinhood Chain usage, NEAR up around 180% on agent payment volume, Zcash forcing its way into the top 10 on institutional privacy demand. This market keeps paying for real usage while narratives argue among themselves.
The Q4 question comes down to three things: the $81,000 support level holding, the 30-year yield stabilizing, and ETF demand persisting after September's inflows faded at month-end. Clean list. Watching that $81k line first.
$BTC $ETH $ZEC
Follow for the daily read.
Bitcoin closed the month up 6.2%.
That is the fourth green September in a row and the best third quarter since 2017, per 21Shares. Seasonality said September averages a 2.4% loss. The tape said otherwise. What led matters more than the number: Uniswap fees nearly doubling on real Robinhood Chain usage, NEAR up around 180% on agent payment volume, Zcash forcing its way into the top 10 on institutional privacy demand. This market keeps paying for real usage while narratives argue among themselves.
The Q4 question comes down to three things: the $81,000 support level holding, the 30-year yield stabilizing, and ETF demand persisting after September's inflows faded at month-end. Clean list. Watching that $81k line first.
$BTC $ETH $ZEC
Follow for the daily read.
