🚀 Bitcoin soars above $28,000, highest in over a month! Reasons behind the gains include ETF optimism and seasonality. Key price levels to watch: $28,500. Other major gains: SOL tokens at 14.5%, ether over $1,700, and MATIC up 5.5%.

📈 Short liquidations on crypto-tracked futures contributed to the rise in bitcoin and ether, with $94 million in bets against rising prices impacted on Sunday. Most liquidations took place on the crypto exchange OKX.

🍂 Traders also point to historic seasonality as a driver of gains. "Uptober" has seen Bitcoin record monthly gains every year since 2013, except twice.

📊 Last week, crypto markets were boosted by the expectation of increased demand due to VanEck's proposed ether (ETH) futures ETF. Analysts priced in a 90% chance of approval in early October.

What do you think is driving the current crypto gains? Share your thoughts in the comments! 💭