The beginning of October 2026 brings with it a great seasonal optimism, traditionally known as "#Uptober ", but the bullish path faces a very specific technical and market obstacle of US$4.3 billion in leveraged positions. This disproportionate 30-day bullish bias means the market is highly over-leveraged. If a decline occurs that breaks key supports, a cascade of liquidations could be triggered that drags the price from #Bitcoin a to US$74.000.
For bulls to regain absolute control and target new objectives, firm daily closes above US$87.360 are needed, along with a rebound in ETF demand. Conversely, losing the defensive line at US$80.811 would immediately open the door to a deep drop toward the cluster of liquidations located in the US$74.000 range.
For bulls to regain absolute control and target new objectives, firm daily closes above US$87.360 are needed, along with a rebound in ETF demand. Conversely, losing the defensive line at US$80.811 would immediately open the door to a deep drop toward the cluster of liquidations located in the US$74.000 range.
