[K33 Research Director Indicates Bitcoin's Q4 Underperformance Against U.S. Stocks May Trigger Year-End Rebalancing Inflows]
K33 Research Director Vetle Lunde pointed out that Bitcoin's performance in the fourth quarter lagged behind the S&P 500 Index by as much as 26%. Rebalancing by asset managers to maintain predetermined allocation ratios could benefit Bitcoin at year-end. Lunde expects portfolio adjustments by fund managers may lead to significant inflows during the last trading days of this year and early January next year. Currently, CME derivatives trading activity is near its annual low, with Bitcoin futures open interest at approximately 124,000 contracts. Spot trading volume dropped 12% last week, confirming lower trader participation as the year-end approaches.