A recent report from Bitwise Europe reveals a significant shift in investment trends, with investors moving away from Bitcoin and towards Ethereum and other altcoins. This trend was fueled by strong inflows into Exchange Traded Products (ETPs), alongside an increase in risk appetite. Despite September’s typical market volatility, positive signals like decreasing selling pressure and favorable macroeconomic factors may pave the way for stabilization during the fourth quarter.
While short-term downside risks remain, robust demand is evident across various investor groups, fueled by strong accumulation and corporate fund management. Although potential short-term downturns are still a possibility, current valuations suggest that the ongoing bull market cycle is unlikely to peak in 2025, potentially challenging the established four-year halving pattern.