Bybit x Block Scholes Quarterly Report: What will drive crypto in Q3 2025?
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Crypto Insights
Sep 5, 2025
3 min read
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Our Q3 report outlines a shifting macro landscape, evolving investor behavior and structural changes in crypto demand. While the Federal Reserve’s pivot and ETF flows are dominating headlines, the deeper story is one of divergence — between Bitcoin and Ethereum, between short- and long-term macro signals and between speculative and institutional capital.