PANews reported on October 11th that, according to CoinDesk, Cathie Wood's ARK Invest stated in its latest "Bitcoin Quarterly" report that Bitcoin's core fundamentals remain solid, with network activity, profitability, and supply distribution indicating strong underlying demand and no signs of selling by long-term holders. The on-chain positioning is bullish, with most tokens profitable and held by investors with low spending tendencies, providing favorable support for prices in the fourth quarter. Mid-sized investors continue to increase their holdings, while large holders are selling at a slower pace, 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 the total supply. This highlights its deepening integration with traditional markets, providing stable demand and increasing its potential for strategic asset allocation. Macroeconomically, controlled inflation and a weak labor market are prompting a shift in Federal Reserve policy. Combined with government initiatives, this may drive "productivity-driven economic growth," reinforcing bullish signals. However, ARK Invest cautions that while greater volatility may occur later in 2025, fundamentals and other factors continue to create favorable conditions for Bitcoin's potential upside.