Bitcoin Price News: BTC is expected to have its best quarter since 2024!

Bitcoin Price News: BTC is expected to have its best quarter since 2024

As the third quarter comes to a close, Bitcoin has risen 1.63% in the past 24 hours to $85,807.15, holding BTC firmly above $85,000. This trend occurred after the futures market experienced a major reset, with speculative open interest in BTC/USD contracts falling sharply from approximately 164,000 BTC on September 14 to 16,000 BTC on September 29, a drop of approximately 90%.

Profit-taking activity also increased. On September 22, approximately 25,700 BTC was sold to achieve profit, with holders with an average unrealized gain of 33% locking in returns. However, institutional demand remains strong through spot Bitcoin ETFs. The bigger question now is whether slowing U.S. inflation will support BTC prices, or whether high Treasury yields, a strong dollar and further profit-taking will limit gains into the next quarter.

Bitcoin is moving towards its goal of best quarter since 2024

Kobeissi Letter reported that Bitcoin rose 43.1% in the third quarter of 2026, putting BTC prices on track to record their strongest quarterly performance since the fourth quarter of 2024. This will also be the third-largest quarterly increase since the U.S. spot Bitcoin ETF began trading in January 2024. Bitcoin has climbed 29.8% since August 19 as the U.S. Treasury announced it will increase buybacks of long-term treasury bonds.

BREAKING: Bitcoin is up +43.1% so far in Q3 2026, on track for its best quarterly performance since Q4 2024.
This would also mark their 3rd-best quarterly gain since US spot Bitcoin ETFs officially began trading in January 2024.
Since August 19th alone, Bitcoin prices have…pic.twitter.com/lfZ3a8vHGp
- The Kobeissi Letter (@KobeissiLetter) September 29, 2026

ETF demand is also an important factor driving the market. In the week ending September 25, the U.S. spot Bitcoin ETF recorded a capital inflow of US$2.4 billion, the largest weekly net inflow since October 2025. Year-to-date capital flows have also shifted from a net outflow of US$5 billion at the end of July to a net inflow of approximately US$1 billion. This provides an important contrast for bitcoin prices: traders have reduced leverage and taken profit-taking, but spot demand still constitutes a source of buying pressure.

Currently, BTC prices are sorted in the range of US$84,000 to US$86,000, waiting for the release of new U.S. economic data. Key data to be released next include the August core PCE inflation index, personal income and spending, the latest GDP reading and the September employment report, all of which will be released before the next Fed meeting. If inflation and employment data are moderate, they may depress Treasury yields and improve risk appetite; while strong data may keep yields high, putting pressure on Bitcoin.

Related News Summary

• Bitcoin Price Warning: Another decline may change the overall pattern
• As the third quarter draws to a close, Bitcoin shows its strongest closing momentum since 2024

Bitcoin entered the final stages of the third quarter with a quarterly gain of 43.1%, and is expected to record its best quarterly performance since the fourth quarter of 2024. This trend is supported by weekly inflows of $2.4 billion in U.S. spot Bitcoin ETF funds, up 29.8% since August 19, and year-to-date ETF funds flows rebounded from a net outflow of $5 billion at the end of July to a net inflow of approximately $1 billion. In addition, the market has experienced a significant leverage reset. Open interest in BTC/USD speculative futures fell from 164,000 BTC on September 14 to 16,000 BTC on September 29, a decrease of approximately 90%, and 25,700 BTC was sold at a profit on September 22. This has reduced speculative leverage for BTC prices, while institutional spot demand remains strong and traders are waiting for the next batch of U.S. economic data.

The key question now is whether Bitcoin can hold the US$82,500 -83,000 range and regain the US$85,000 mark before the end of the quarter. If inflation and employment data ease pressure on Treasury yields and ETF inflows remain positive, BTC prices may retain their third-quarter strength; while stronger economic data and higher yields may lead to more profit-taking.

FAQs

What is the current price of Bitcoin?

Bitcoin is trading at approximately US$85,807, up 1.63% in 24 hours, US$82,500 -83,000 is the key support area, and US$85,000 -85,200 is the nearby resistance level.

Why Bitcoin rose in the third quarter of 2026

The rise in BTC prices was supported by strong inflows into the U.S. spot Bitcoin ETF, with approximately US$2.4 billion flowing into the ETF in the week ended September 25. Bitcoin also rose by about 43.1% in the third quarter, thanks to increased institutional spot demand.

What factors may affect Bitcoin prices

The main factors include U.S. inflation and employment data, Treasury yields, the U.S. dollar and Bitcoin ETF funding flows. More moderate economic data could ease the pressure from high yields, while strong inflation or employment data could strain financial conditions even more.