ARK Invest: Bitcoin’s on-chain strength lays the foundation for Q4 rally

PANews, October 11—According to CoinDesk, ARK Invest, led by Cathie Wood, stated in its latest “Bitcoin Quarterly” report that Bitcoin’s core fundamentals remain solid. Network activity, profitability, and supply distribution indicate strong underlying demand, and there are no signs of selling from long-term holders. On-chain positioning is “bullish,” with most tokens in profit and held by investors with low spending tendencies, providing favorable support for prices in the fourth quarter. Medium-sized investors continue to accumulate, while large holders have slowed their selling, resulting in a healthier upward structure.

Institutional adoption of Bitcoin is accelerating, with digital asset trusts and spot Bitcoin ETFs collectively holding about 12.2% of the total supply, highlighting its deepening integration with traditional markets, providing stable demand, and increasing the likelihood of it being considered a strategic asset allocation. On the macroeconomic front, controlled inflation and a weakening labor market are prompting a shift in Federal Reserve policy. Combined with government measures, this may drive “productivity-driven economic growth,” reinforcing bullish signals. However, ARK Invest cautions that greater volatility may emerge later in 2025, but fundamentals and other factors still create favorable conditions for Bitcoin’s potential upside.