CoinMeta data: Analysts at Bitfinex indicate that Bitcoin rose by about 42.5% in the third quarter, but to achieve continued gains, there is a need for stronger spot buying demand. Analysts warn that as leverage decreases and inflows of ETF funds slow down, the market needs buyers willing to purchase Bitcoin directly. A Bitfinex report states that Bitcoin's quarterly increase will be its second strongest performance since 2013. Analysts point out that support from futures positions and fund purchases is weakening, and the fact that Bitcoin's denominated open interest did not expand with rising prices indicates that futures traders are less inclined to take on new positions during the upward trend.