Bitcoin posts strongest third quarter since 2017 amid bond sell-off
Bitcoin (BTC)
Editor:
Eugene Serbin
Bitcoin recorded its strongest third quarter since 2017, posting a 43 percent gain during July, August, and September, according to newsdirectory3.com. This rally occurred even as a historic global bond sell-off pushed U.S. Treasury yields to a 24-year high. During the same quarter, long-term U.S. treasuries suffered a 7.7 percent loss, a massive decline for an asset class traditionally considered risk-free.
The benchmark tracking fund, TLT, smashed through previous trading floors and gapped down further during market sessions. Traditional financial theory dictates that risk assets like Bitcoin should experience heavy downward pressure when interest rates surge and bond markets contract due to tightening liquidity. Instead, the cryptocurrency rallied against prevailing macroeconomic expectations.
Rising interest rates and plummeting bond values reflect a broader loss of faith in traditional monetary systems rather than standard liquidity trends. Widespread fear of fiscal dominance and monetary irresponsibility is driving the current bond market distress. Rather than acting as a standard risk asset, Bitcoin is attracting capital precisely because investors are fleeing traditional debt instruments. This hedge against systemic monetary irresponsibility explains why the digital asset is performing so strongly while sovereign debt stumbles.
How the market reacted
Whalio's own Binance spot order flow for BTC, measured when this story was written up on 1 October 2026. Not the outlet's figures.
BTC is trading at $83,623.60 with a 1-hour buy ratio of 52.6% and a 4-hour buy ratio of 54.8%, indicating stronger short-term buying pressure compared to the 24-hour buy ratio of 48.8%. The 1-hour volume delta is positive at +$5,037,366, while the 4-hour delta is +$39,040,243, showing active accumulation in the immediate term. In contrast, the 24-hour volume delta is -$36,279,522, suggesting that over the full day, sellers have outweighed buyers despite the recent intraday strength. The cumulative volume delta (CVD) for the 24-hour close is +$52,666,677, indicating that net buying pressure has been present for 13 of the last 24 hours. Spot volume for the period stands at $1,557,658,297 across 3,218,097 trades.
The latest daily buy ratio of 46.7% sits at the 18th percentile of the last 322 days, against a median of 49.2% - weaker buying than most days.
Was that an ordinary day?
The same Binance spot measurements for BTC, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 47.4%, with the latest day showing a slight increase of 1.5 points to 48.9%. Weekly volume was 1.17x the average, though the 8-day volume delta was -$586,303,251, indicating net selling pressure over the longer timeframe. The price changed -0.9% over the 8-day period, and there were 0 days of net buying in the week. This contrasts with the immediate 1-hour buy ratio of 52.6%, suggesting today is an unusually active buying day compared to the recent weekly trend of net outflows.