Bitwise says Bitcoin's Q3 rally signals a regime change
- —Bitcoin rose 40-43% in Q3, from $58,500-62,900 to a peak above $87,000
- —The BVIV implied volatility index hit cycle lows around 36.8
- —Spot Bitcoin ETFs took in $2.4 billion in a single week in late September
- —A survey of 15 institutional allocators found none cut crypto holdings during the 50% drawdown
Why it matters: If the price-volatility relationship has broken down, strategies built on it may need rethinking, while institutional demand could prove more durable.
Source: Crypto Briefing