Bitcoin rose 44% this quarter to nearly $85,000, its strongest quarterly performance since the final three months of 2024 after three consecutive losing quarters, while sharp intraday reversals on Friday triggered about $67 million in Bitcoin liquidations. Bitfinex said holders realized $2.4 billion in profits, below the $7 billion to $10 billion in daily realized profits recorded at previous market peaks, while U.S. spot Bitcoin ETFs attracted $2.84 billion over six days and were nearly $800 million positive for the year. Ether also showed demand signals as about 410,000 ETH left exchanges in one month and U.S. spot ether ETFs drew $680 million across four sessions. Despite rising Treasury yields, Brent crude above $100 per barrel, hawkish Federal Reserve comments and Middle East tensions, Bitcoin’s move above $87,000 earlier in the week, equities near record highs, strong ETF inflows and Strategy’s first Bitcoin purchase in nearly a month pointed to market resilience heading into the fourth quarter of 2026.