Uptober did not show up this year.
$BTC closed October down about 7.3%, from a high near $87,000 to a low near $76,100 on Oct 30. It is the second red October in a row, something the monthly record since 2013 has never shown.
My view: I am not treating November as an automatic rebound. Only 6 of the last 11 Novembers finished green, and the two Novembers after red Octobers (2018 and 2025) both fell hard.
Macro matters more than the calendar now, with Fed hike odds high for Dec 9, the US midterms on Nov 3 and the jobs report on Nov 6 at 13:30 UTC. I stay patient. Holding $76,100 and reclaiming $80,000 would change my tone.
CoinGlass, Coinbase, Block Scholes, 10:30 UTC.
Full breakdown on the Fundamentals Desk.
Do you expect a green November? NFA.
#BTC #bitcoin
$BTC closed October down about 7.3%, from a high near $87,000 to a low near $76,100 on Oct 30. It is the second red October in a row, something the monthly record since 2013 has never shown.
My view: I am not treating November as an automatic rebound. Only 6 of the last 11 Novembers finished green, and the two Novembers after red Octobers (2018 and 2025) both fell hard.
Macro matters more than the calendar now, with Fed hike odds high for Dec 9, the US midterms on Nov 3 and the jobs report on Nov 6 at 13:30 UTC. I stay patient. Holding $76,100 and reclaiming $80,000 would change my tone.
CoinGlass, Coinbase, Block Scholes, 10:30 UTC.
Full breakdown on the Fundamentals Desk.
Do you expect a green November? NFA.
#BTC #bitcoin
