【Bitcoin is up 44% in the third quarter, while the Nasdaq is only 5%—so where exactly is the money running to?🔥🚀】
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Just wrapped up the third quarter, and this set of data is a little scary. Bitcoin jumped by about 44% in a quarter. Over the same period, the Nasdaq rose only a little over 5%. The S&P 500 was even less—around 4%. Gold barely moved over three months, at under 2%. The “taste” of money has changed.💰
At the start of the year, nobody would dare say this. In Q1, Bitcoin fell 22%. In Q2, it dropped another 14%. In early July, prices were still around $58.6k. After three straight quarters of decline, many people had already cut losses. Now looking back, the timing of those exits was right on the floor.😅
What truly lifted the price was Wall Street money. By the end of July, spot ETFs were still seeing net outflows of $5 billion. By the end of September, that flipped to net inflows of roughly $1 billion. In just two months, the direction completely reversed. Last week alone, there were net purchases of $2.39 billion. This was the strongest week since last October.💵
Another signal is even more interesting. Leveraged positions are quietly retreating. Total open interest across the entire network dropped to 644,000 BTC. That’s the lowest level since January of this year. In just one week, 49,000 BTC worth of open interest was removed. With less leverage, huge rallies and selloffs tend to be milder.⚖️
There’s also an index that best explains the situation. The altcoin season index has been above 60 for five consecutive days. Small coins are starting to follow the rhythm of the big one. In the past two years, it was basically Bitcoin playing the starring role alone. Now, capital is clearly more willing to take risks.🪙
Of course, there’s still pressure overhead. In the range from 84,000 to 86,500, around 1.39 million BTC are stacked there. Many people are holding at that level, waiting to break even and leave. Every step the price moves higher, it has to first chew through these sell orders. This isn’t something a single green candle can solve.🧱
📌 In the third quarter, Bitcoin rose 44%; ETF flows flipped from net outflow of $5 billion to net inflow; the altcoin season index stayed above 60 for five straight days; and leverage positions stepped back in sync.
Do you think this time, smaller coins can catch the wave? Let’s discuss in the comments.
#股票财报季 #比特币升破85200美元
Group chat: 🔥 加入X先生的粉丝群聊
Just wrapped up the third quarter, and this set of data is a little scary. Bitcoin jumped by about 44% in a quarter. Over the same period, the Nasdaq rose only a little over 5%. The S&P 500 was even less—around 4%. Gold barely moved over three months, at under 2%. The “taste” of money has changed.💰
At the start of the year, nobody would dare say this. In Q1, Bitcoin fell 22%. In Q2, it dropped another 14%. In early July, prices were still around $58.6k. After three straight quarters of decline, many people had already cut losses. Now looking back, the timing of those exits was right on the floor.😅
What truly lifted the price was Wall Street money. By the end of July, spot ETFs were still seeing net outflows of $5 billion. By the end of September, that flipped to net inflows of roughly $1 billion. In just two months, the direction completely reversed. Last week alone, there were net purchases of $2.39 billion. This was the strongest week since last October.💵
Another signal is even more interesting. Leveraged positions are quietly retreating. Total open interest across the entire network dropped to 644,000 BTC. That’s the lowest level since January of this year. In just one week, 49,000 BTC worth of open interest was removed. With less leverage, huge rallies and selloffs tend to be milder.⚖️
There’s also an index that best explains the situation. The altcoin season index has been above 60 for five consecutive days. Small coins are starting to follow the rhythm of the big one. In the past two years, it was basically Bitcoin playing the starring role alone. Now, capital is clearly more willing to take risks.🪙
Of course, there’s still pressure overhead. In the range from 84,000 to 86,500, around 1.39 million BTC are stacked there. Many people are holding at that level, waiting to break even and leave. Every step the price moves higher, it has to first chew through these sell orders. This isn’t something a single green candle can solve.🧱
📌 In the third quarter, Bitcoin rose 44%; ETF flows flipped from net outflow of $5 billion to net inflow; the altcoin season index stayed above 60 for five straight days; and leverage positions stepped back in sync.
Do you think this time, smaller coins can catch the wave? Let’s discuss in the comments.
#股票财报季 #比特币升破85200美元
