ARK Invest highlights Bitcoin’s robust fundamentals in its latest quarterly report, citing strong demand indicators such as network activity, profitability, and balanced supply distribution. Long-term holders show no signs of selling, while on-chain metrics remain positive. Most tokens are profitable, held by investors with low spending habits, suggesting supportive factors for price stability during the fourth quarter. Medium-sized investors are continuing to accumulate Bitcoin, while large holders have slowed their selling activity, indicating a healthier upward trend. Institutional adoption of Bitcoin is accelerating, with digital asset trusts and spot Bitcoin ETFs collectively holding approximately 12.2% of total supply. This signifies Bitcoin’s deeper integration with traditional markets, bolstering its demand and potential as a strategic asset allocation.