Uptober
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CoinDesk· 2025-09-26 16:53
Market Sentiment - Industry anticipates a potential positive market trend in October, questioning "Uptober wen?" [1]
Glassnode Flags Market Exhaustion as ‘Uptober’ Approaches for Bitcoin
Yahoo Finance· 2025-09-26 09:12
Bitcoin uptober. Photo by BeInCrypto Bitcoin (BTC) faces heightened downside risks following a recent breach of a key level, according to on-chain analytics firm Glassnode. Furthermore, other metrics also suggest the market could be headed for a deeper correction, with sentiment showing signs of strain after the FOMC rally. However, many analysts believe that the upcoming ‘Uptober’ could prove bullish for BTC. The asset may find seasonal tailwinds that could stabilize price action and spark renewed optimi ...
Bitcoin Ready for ‘Uptober’ Rally After $1.7B Liquidations Reset Market
Yahoo Finance· 2025-09-23 10:47
Core Insights - Crypto markets are stabilizing after a significant $1.7 billion liquidation of leveraged positions, with investors shifting focus back to Bitcoin as October approaches, a month historically known for strong performance in the crypto space, referred to as "Uptober" [1][6]. Market Dynamics - Following the $1.7 billion in liquidations, volatility in the market has started to decrease, with traders previously engaging in altcoin speculation, which led to a spike in the altcoin season index to 100 before dropping to 65, indicating a shift away from altcoins [2]. - Bitcoin's market dominance has increased to 57.7%, while Ethereum's share has decreased to 12% but has slightly recovered to 13% [3]. Historical Performance - October has been the best-performing month for Bitcoin since 2013, with average returns exceeding 20%, contrasting with September, known as "Redtember," which is typically Bitcoin's worst month [4][7]. Influencing Factors - Factors influencing the current market include ongoing acquisitions of Bitcoin by entities like Strategy and Metaplanet, significant inflows into exchange-traded funds (ETFs), and a generally bullish investor sentiment [5]. - Upcoming macroeconomic announcements, including a speech from U.S. Federal Reserve's Jerome Powell and Core PCE data on U.S. inflation, are expected to impact market sentiment [5][7]. Future Outlook - If inflation remains stable, it could lead to further rate cuts from the Federal Reserve, potentially increasing liquidity in Q4 and triggering another Bitcoin breakout, which may also initiate a long-awaited altcoin season [6].