Read crypto research, data-driven reports, on-chain studies, and analytical deep dives into Bitcoin, Ethereum, and Web3 trends.
A September bloodbath is a recurring theme both in crypto and in tradfi, but it has historically been followed by a positive Q4. But, with midterms approaching and macro uncertainty increasing, historical patterns could be broken.
Andjela Radmilac 3 min read 
The Poolin Bitcoin mining pool sees a sharp drop in hash rate and block rewards following a freeze on withdrawals due to liquidity problems.
Prior to Feb. 2021, GBTC was trading at a premium of up to 20%. As of Sept. 30, the share price has slipped into the discount area with its current price of $12,508 (priced with a -36.2% discount).
While the spikes we've seen in Bitcoin trading volume might not signify that mass adoption is near, they show that it's beginning to act as a safe haven asset.
Bitcoin whales are holding the asset between the $10,000 to $17,000 range. These whales could sell if the price were to drop to around $17,000.
Short-term Bitcoin holders are now, on average, underwater and losing faith.
Although on-chain Bitcoin metrics suggest the bottom is in, bottoms can take months to reflect a price reversal.
Former BitMEX CEO Arthur Hayes said traders in long positions on Bitcoin should be wary of the asset's value falling to $17,500.
The inflationary pressure on ETH has been steadily dropping since the Merge, but it's still early to tell whether it will eventually create a deflationary supply.
