According to ARK Invest, the investment management firm led by Cathie Wood, the robust on-chain metrics and indicators associated with Bitcoin are creating a favorable environment that could potentially lead to significant gains in the fourth quarter of this year. This assessment suggests that the underlying data and activity on the Bitcoin network point towards a strong performance, which could attract more investors and drive up the value of the cryptocurrency as the year comes to a close.
source: https://www.coindesk.com/markets/2025/10/11/bitcoin-s-on-chain-strength-sets-stage-for-fourth-quarter-gains-says-cathie-wood-s-ark-invest