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Door Remote - 08 Oct 2026
Bitcoin’s 42.7% third quarter gain following three down quarters suggests a transition from post-peak correction toward accumulation in the four-year cycle ahead of the 2028 halving. Spot ETFs and clearer regulations further strengthen demand. Meanwhile, expanding on-chain real-world asset trading volume remains a key catalyst signaling clear convergence with traditional finance.
Lastly, the third quarter highlighted the value of broader exposure. Outperformance by several CD20 and CD80 assets over bitcoin highlights a market driven by protocol fundamentals and asset-specific catalysts, making benchmarks like the CD20 and CD100 effective tools for capturing dispersion.
This summary was created based on CoinDesk Research’s latest report; Digital Assets: Quarterly Review and Outlook, Featuring CoinDesk 5 and CoinDesk 20.
- Joshua de Vos,lead and Jacob Joseph, research analyst, CoinDesk Research
Ask an Expert
Q: What is a perpetual future?
A perpetual future, or perp, is essentially a bet on price direction, whether an asset will go up or down, without owning the asset itself. It’s a type of derivative contract that does not have an expiry date.
Specifically, crypto perpetual futures are designed to track underlying spot market prices while having no fixed end or delivery date. This means traders can hold positions indefinitely without having to roll the contract over.
Lastly, the third quarter highlighted the value of broader exposure. Outperformance by several CD20 and CD80 assets over bitcoin highlights a market driven by protocol fundamentals and asset-specific catalysts, making benchmarks like the CD20 and CD100 effective tools for capturing dispersion.
This summary was created based on CoinDesk Research’s latest report; Digital Assets: Quarterly Review and Outlook, Featuring CoinDesk 5 and CoinDesk 20.
- Joshua de Vos,lead and Jacob Joseph, research analyst, CoinDesk Research
Ask an Expert
Q: What is a perpetual future?
A perpetual future, or perp, is essentially a bet on price direction, whether an asset will go up or down, without owning the asset itself. It’s a type of derivative contract that does not have an expiry date.
Specifically, crypto perpetual futures are designed to track underlying spot market prices while having no fixed end or delivery date. This means traders can hold positions indefinitely without having to roll the contract over.