Bitcoin Heads for a Red October With 4 Bullish Signals Still Intact

Bitcoin is down 4.10% since the start of October, putting it on track for a second consecutive losing October. Despite the decline, four signals across price, positioning, on-chain data and macro still lean bullish, with Galaxy and Santiment citing signs of a bottom while Glassnode shows recent buyers cooling off. Traders are weighing that mixed setup against Bitcoin's historically strong November record, which cuts both ways for the near-term outlook.