1154 ET - Bitcoin is set to close out the third quarter with a small gain -- rising 0.8% to $84,226. It has gained over 40% this quarter, making it the strongest quarter for bitcoin since 4Q 2024. But the fuel for this big jump may be limited, at least for now, says analysts for Bitfinex in a note. "With leverage substantially reduced, the next sustained move will need to be led by the spot market," says the firm. Buyers appear willing to buy bitcoin in its current area of around $85,000, but the underlying that appetite for bitcoin among retail investors is buying by fund investors - with inflows recorded for bitcoin ETFs for nine consecutive days, according to data from Coinglass.
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