If wasn't because of the recession looming at large, I would've placed my bet on another bullish Q4 like almost every Q4 as before. But since this recession so no bullish for this Q4. If you're in the manufacturing sector, there was a grim situation. Most new orders are dried up, jobs are cut because of that. Seem like everyone in the US/EU tighten their wallet. The Consumer Price Index is increasing while Purchasing Power decreases indicating clearly the effect of inflation is kicking in.
What does this mean for Bitcoin and crypto overall? It means no more leisurely purchasing gifts and overspending on the Christmas and New Year's Eve seasons. Same for Bitcoin/cryptos, I expect strong sell orders took over the market instead of buying orders.