PANews, October 11 news, according to CoinDesk, ARK Invest, led by Cathie Wood, pointed out in its latest "Bitcoin Quarterly" report that the core fundamentals of Bitcoin remain solid, with network activity, profitability, and supply distribution indicating strong potential demand, and long-term holders showing no signs of selling. On-chain positioning is "bullish", with most tokens being profitable and held by low-consumption investors, providing favorable support for prices in the fourth quarter. Medium-sized investors continue to increase their holdings, while large holders are slowing down their selling, resulting in a healthier upward structure.
Institutions are accelerating their adoption of Bitcoin, with digital asset trusts and spot Bitcoin ETFs holding approximately 12.2% of the total supply, highlighting their deepening integration with traditional markets, providing stable demand, and increasing the likelihood of being viewed as a strategic asset allocation. On the macroeconomic front, controlled inflation and a weak labor market are prompting a shift in Federal Reserve policy, along with government initiatives, which may drive "productivity.