Bitwise: Large-Cap Crypto Index Rose 46.4% in Q3
- —Bitwise 10 Large Cap Index rose 46.4% in Q3 but remains down 6.2% year-to-date
- —US spot Bitcoin ETF inflows hit $6 billion, turning year-to-date net flows positive
- —BTC +42.3%, ETH +69.1%, SOL +59.2%, Chainlink +97.6% for the quarter
- —Open interest on decentralized perpetual futures reached a record $26 billion
Why it matters: The data points to a possible start of a new bull cycle, but the index is still down year-to-date, leaving the durability of the rally in question.
Source: CryptoHamster