No ‘Uptober’ Yet: Bitcoin Slips 2% in a Month That’s Historically Bullish
Bitcoin Magazine No ‘Uptober’ Yet: Bitcoin Slips 2% in a Month That’s Historically Bullish Bitcoin’s price is currently down so far in October — albeit slightly — as speculators last week cashed out of ETFs. Will investors change course? This post No ‘Uptober’ Yet: Bitcoin Slips 2% in a Month That’s Historically Bullish first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.
Bitcoin is down about 2% so far in October, a month that has historically been strong for the asset, with the piece noting that speculators cashed out of ETFs last week. The decline is modest but notable because it breaks the seasonal 'Uptober' pattern traders often watch. The key question is whether ETF outflows reverse and investors rotate back in, which would determine if this is a brief dip or the start of a deeper pullback.
