Bitcoin is experiencing volatility with a projected 19.15% decline in the fourth quarter as short-term holders sell at a loss and ETF outflows reduce liquidity. Despite this, Bitwise predicts Bitcoin will break its four-year cycle and reach new highs by 2026, driven by the upcoming halving, increased institutional adoption, and ETF demand. Notably, Bitcoin's volatility has decreased, now lower than major stocks, indicating its maturation as an asset. In the long term, Bitcoin is positioned among the top 10 global assets, gaining traction as a core institutional holding.