{"id":13936,"date":"2026-10-01T03:50:46","date_gmt":"2026-10-01T03:50:46","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=13936"},"modified":"2026-10-01T03:50:46","modified_gmt":"2026-10-01T03:50:46","slug":"bitcoin-enters-its-best-season-after-a-43-surge-with-147000-suddenly-on-the-math","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=13936","title":{"rendered":"Bitcoin enters its best season after a 43% surge, with $147,000 suddenly on the math"},"content":{"rendered":"

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Bitcoin is closing its strongest quarter since 2024 after leaving US stocks and gold far behind despite surging bond yields.<\/p>\n

The largest digital asset has gained about 43% in the third quarter, putting it on course for its second-best third-quarter since 2013 and its third-strongest quarterly advance since US spot Bitcoin exchange-traded funds began trading in January 2024, according to Bitfinex and CoinGlass.<\/p>\n

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Bitcoin rebounded 43.88% in Q3 2026 after losing 22.2% in Q1 and 14.09% in Q2. Source: CoinGlass<\/figcaption><\/figure>\n

Bitcoin entered July near $58,600 after three consecutive quarterly declines, then accelerated through August and September as institutional demand returned and sellers who had spent much of 2026 underwater were absorbed at progressively higher prices.<\/p>\n

Traditional markets barely kept pace. Over roughly the same three-month period through Sept. 29, the Nasdaq Composite gained about 5%, the S&P 500 roughly 4% and gold less than 2%, according to StatMuse data.<\/p>\n

Meanwhile, Ethereum was the notable exception, outperforming Bitcoin as the crypto rebound broadened beyond the market leader.<\/p>\n

Bitcoin’s outperformance accelerated after Aug. 19, even as a Treasury initiative to improve liquidity in longer-dated government debt failed to prevent yields from rising.<\/p>\n

The department said it would at least double the maximum size of liquidity-support buybacks for longer maturities to $4 billion per operation, with the increased purchases beginning Sept. 9.<\/p>\n

Bitcoin has risen almost 30% since the announcement. However, the 10-year Treasury yield climbed about 81 basis points and long-dated borrowing costs reached multi-decade highs over the quarter, raising the hurdle for assets that produce no yield.<\/p>\n

Wall Street money takes over from leverage<\/h2>\n

US spot Bitcoin ETFs provided a fresh source of capital as financial conditions tightened elsewhere.<\/p>\n

The funds moved from roughly $5 billion in year-to-date net outflows at the end of July to about $1 billion in inflows by late September, a swing of about $6 billion in two months.<\/p>\n

The reversal culminated last week when the products absorbed $2.39 billion, their largest weekly intake since October 2025. Every session was positive, though daily demand slowed from $999 million on Sept. 21 to about $135 million by Sept. 25.<\/p>\n

Analysts at Nexo said Bitcoin enters the fourth quarter with stronger spot demand and an improving market structure, though the outlook still depends on ETF buying persisting, overhead supply being absorbed and inflation remaining contained enough to prevent further Federal Reserve tightening.<\/p>\n

At the same time, leveraged traders have been retreating.<\/p>\n

Aggregate Bitcoin futures open interest has fallen from more than 700,000 BTC on Sept. 21 to about 644,000, its lowest since early January, according to Bitfinex. The seven-day contraction of roughly 49,000 BTC was the largest since October 2025, while CME open interest dropped 16,075 BTC on Monday alone, its third-biggest daily decline on record.<\/p>\n

Futures premiums have also compressed, and implied volatility remains near a one-year low.<\/p>\n

The unwind leaves less leverage to accelerate another liquidation-driven selloff, but it also removes speculative buying that can propel sharp advances. That shifts more responsibility onto investors purchasing Bitcoin outright.<\/p>\n

Signs of that transition are appearing around current prices. Bitfinex estimates the amount of Bitcoin with a cost basis between $82,500 and $84,000 nearly tripled to 306,000 tokens in three days as buyers absorbed coins sold by both profitable holders below the market and newer investors exiting at losses above it.<\/p>\n

A 1.39 million Bitcoin wall waits above $85,000<\/h2>\n

Bitcoin’s improving structure still leaves a substantial concentration of sellers immediately overhead.<\/p>\n