Bitcoin enters October facing thin liquidity, weaker ETF demand, the Iran war and a Mt. Gox repayment deadline. Coinglass data shows Bitcoin closed higher in 10 of the last 13 Octobers, with a median gain of 12.73%. Analyst Darkfost said the stablecoin supply recovery remains too weak to push Bitcoin toward new highs. Spot Bitcoin ETFs received only $51.25 million across the four sessions from September 28 to October 1, compared with $2.39 billion in the prior week. War developments could move Bitcoin in either direction. The Mt. Gox trustee must finish creditor repayments by October 31 under the current court-approved deadline, potentially giving creditors Bitcoin they may sell.
