Bitcoin has surged over 23% within three weeks, driven by increased demand for spot ETFs. According to CryptoQuant’s September 30 analysis, Bitcoin’s value jumped from $52,500 to over $65,000, reflecting a significant price ascent.
Despite this surge, there are signs of overheating in the futures market, which could indicate potential volatility ahead. Investors should monitor the futures market closely to gauge future price movements and risks.
