Signal, Not Noise: The Data Behind Bitcoin’s Rally

ETF inflows confirm a genuine move, and the market isn’t overcrowded yet.

Bitcoin surged to almost $126K over the weekend, kicking off Q4 with the kind of momentum we expected under favourable liquidity and macro conditions.

That’s the bullish setup we’ve been watching for: easier financial conditions, strong risk appetite, and renewed interest in hard assets.

But when Bitcoin moves this quickly, the key question for investors is whether it’s signal or noise. Is this a genuine rally supported by capital inflows, or just a short squeeze retesting the August highs?

Let’s dig into the data and see what’s really driving this move.

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Ready? Let’s dig into the data.

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Signal, Not Noise: The Data Behind Bitcoin’s Rally

The Takeaway

Bitcoin kicked off Q4 with a powerful rally, rising 11% last week and nearly 8% since the start of October.