đ„ October Could Be a Very Important Month for Crypto
Bitcoin just finished Q3 with a gain of more than 40%, trading around the $83K area after recently moving above $86K.
But hereâs the interesting part:
The rally has started losing momentum.
âą Spot BTC demand has cooled
âą Futures activity has weakened
âą Bond yields are putting pressure on risk assets
âą ETF flows remain an important market signal
At the same time, October has historically been one of Bitcoinâs stronger months, with historical data showing an average October gain of around 19%.
So what matters now?
Not simply âbull or bearâ.
The real question is whether fresh demand returns after the Q3 rally.
October watchlist:
BTC dominance â ETF flows â bond yields â altcoin breadth.
What are you watching most closely this month? đ