Bitcoin Soars 43% in Q3, Sets Sights on $147k Price Target

Bitcoin's third quarter was marked by a significant surge in price, with the asset increasing by 43% against the trend. This outperformed both the Nasdaq Composite and the S&P 500, as well as gold.

ETF inflows and leveraged liquidations have reshaped the market structure, according to Woofun AI data. Despite a challenging macro environment, Bitcoin has solidified its status as a safe-haven asset, marking one of its strongest quarters since 2013.

Ethereum outperformed Bitcoin in this quarter, with gains exceeding those of its peer. The U.S. Treasury's announcement to double the maximum size of its long-term debt liquidity support repurchase operations likely contributed to Bitcoin's resilience against traditional finance pressures.