Bitcoin (BTC), Ethereum (ETH), and altcoins started the new week with sharp declines 0 yesterday's sell-off, over $1.7 billion worth of leveraged positions were 1 are starting to show signs of stability as investors try to digest one of the biggest liquidations of the 2 this point, BTC is holding above $112,000 and ETH is holding around 3 Bitcoin's future direction is being closely watched, Singapore-based analysis firm QCP Capital said that crypto markets are stabilizing after massive liquidations of over $1.7 billion, and October, known as a bullish month, is 4 said the short-term trend is weak, but institutional demand is strong and positive.
Accordingly, capital inflows into spot ETFs 5 also hinted at strong confidence in October, saying investors have begun positioning for October, historically the strongest month for BTC, and there is strong demand for call options in the $120,000 to $125,000 6 added that Fed Chair Jerome Powell's speech and PCE data will be the focus for Bitcoin and altcoins this week. “Bitcoin is still up 4% in September, a seasonally weak month for 7 are also preparing for October, BTC’s historically strongest month, and are taking positions for call options with active demand between 120,000-125,000. BTC has held within the 110,000-120,000 range this quarter, with volatility subdued as altcoins have taken center 8 yesterday's shakeup and as October approaches, the focus is likely to return to BTC.
“Furthermore, Powell's comments and this week's Core PCE data could act as catalysts for a breakout in the fourth quarter.” Why Is October So Important? October holds a special place for 9 market has nicknamed it “Uptober” because it typically produces strong 10 surged from $10,500 to $13,800 in October 2020, triggering the 2021 bull run and subsequently surpassing $60,000. In October 2023, it rebounded sharply from $27,000 to $35,000, kicking off the 2024 11 Bitcoin's strong performance in October, the market expects October 2025 to be the start of a new bullish wave. *This is not investment 12 Reading: Analyst Firm Sounds Hopeful for Bitcoin After Biggest Liquidation of the Year!
"Prepared for a Historic Major Breakthrough! Follow These Two Events This Week!"
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