CryptoMediaClub
Tuesday, October 28, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home Analysis

Bitcoin’s historic ‘Uptober’ trend faces challenges amid high futures interest, cooling spot buys

01.10.2024
A A
0
125
VIEWS
ShareShare

Bitcoin’s (BTC) usual strong performance in October is threatened by high open interest in futures contracts and flattening buying activity by spot investors, according to the Sept. 30 edition of the “Bitfinex Alpha” report.

The report highlighted that October has consistently delivered strong results for Bitcoin, with an average return of 22.9% and a median return of 27.7% since 2013.

As a result, the industry has termed this trend “Uptober,” which usually leads to a longer upward movement throughout the fourth quarter, with the market recording an average return of 88.8% over the period.

Bullish signs for ‘Uptober’

According to the report, the Fed’s potential rate cuts also add to optimism as Bitcoin enters this year’s final quarter.

Notably, Fed Chair Jerome Powell stated during his keynote at the National Association for Business Economics on Sept. 30 that another 50 basis point cut should be expected this year.

Adding to the bullish sentiment, Bitcoin has surged 26.2% since its sharp correction on Sept. 6 to $52,756, breaking through the $65,000 mark and surpassing the Aug. 25 local top of $65,200. This marks the first time Bitcoin has moved above a local top since March.

Furthermore, Bitcoin’s consolidation between $50,000 and $68,000 mirrors its 2020 pre-halving pattern, where an October rally led to significant price increases.

Warning signs

Despite the various optimistic signs related to a potentially bullish fourth quarter, the report also highlighted a few warning signs that still threaten Bitcoin’s performance.

The first sign is the flattening of aggressive buys in the spot market. Since Sept. 6, spot investors have accumulated BTC heavily, but this movement has been weakening since last week.

This suggests a temporary balance in the market between buyers and sellers, potentially related to the lack of interest from traders who don’t want to make aggressive moves before the fourth quarter.

The second sign relates to Bitcoin futures, which registered $35.3 billion in open interest. The report stated that this level is often associated with local market peaks, raising concerns about potential “overheating” in the market.

Nevertheless, Bitfinex analysts believe a 5% to 10% pullback should be enough to cool the market and would not end Bitcoin’s recent uptrend.

The post Bitcoin’s historic ‘Uptober’ trend faces challenges amid high futures interest, cooling spot buys appeared first on CryptoSlate.

Share10Tweet6ShareSharePin2

Related Posts

Watch these 4 tripwires to signal XRP price direction this week
Analysis

Watch these 4 tripwires to signal XRP price direction this week

28.10.2025
0

XRP entered the final week of October with leverage rebuilt and a working beta to Bitcoin that can be applied...

Read moreDetails
Strategy’s new credit rating will open Bitcoin to $130 trillion institutional capital

Strategy’s new credit rating will open Bitcoin to $130 trillion institutional capital

28.10.2025
Does a weaker dollar drive Bitcoin price now?

Does a weaker dollar drive Bitcoin price now?

28.10.2025
Why is Bitcoin price pumping? Catch up on what’s moving crypto

Why is Bitcoin price pumping? Catch up on what’s moving crypto

28.10.2025
Crypto’s week ahead: Everything you need to know to close out October

Crypto’s week ahead: Everything you need to know to close out October

27.10.2025
Load More
Next Post
South Korean Pension Fund Says It Has No Plans to Invest in Crypto – For Now

South Korean Pension Fund Says It Has No Plans to Invest in Crypto – For Now

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

Grayscale’s GBTC Bitcoin ETF Records Inflows For The First Time in 78 Days

Grayscale’s GBTC Bitcoin ETF Records Inflows For The First Time in 78 Days

1 year ago
IOTA’s Smart Contract Tackles Music Industry’s Payment Pain Points

IOTA’s Smart Contract Tackles Music Industry’s Payment Pain Points

1 year ago
Bitcoin Hits Record Highs Amid Rising Spot Demand and Surging Buying Trends

Bitcoin Hits Record Highs Amid Rising Spot Demand and Surging Buying Trends

12 months ago

ELI5:50 Explaining crypto liquidations – The world of spot and futures crypto purchases

2 years ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

SharpLink to Deploy $200M in ETH on Consensys’ Linea — Is This the Future of Institutional DeFi and AI-Powered Yields?

Does a weaker dollar drive Bitcoin price now?

Crypto PACs Build $263M War Chest Ahead of 2026 US Midterm Elections

Why is Bitcoin price pumping? Catch up on what’s moving crypto

Bitget Wallet Integrates HyperEVM – Could This Be the Next Big Bridge in DeFi?

Why is Tether So Profitable, and Will It Last?

Trending

Watch these 4 tripwires to signal XRP price direction this week
Analysis

Watch these 4 tripwires to signal XRP price direction this week

28.10.2025
0

XRP entered the final week of October with leverage rebuilt and a working beta to Bitcoin that...

UK Opens Arms to Crypto as KR1 Targets London Stock Exchange Listing

UK Opens Arms to Crypto as KR1 Targets London Stock Exchange Listing

28.10.2025
Strategy’s new credit rating will open Bitcoin to $130 trillion institutional capital

Strategy’s new credit rating will open Bitcoin to $130 trillion institutional capital

28.10.2025
SharpLink to Deploy $200M in ETH on Consensys’ Linea — Is This the Future of Institutional DeFi and AI-Powered Yields?

SharpLink to Deploy $200M in ETH on Consensys’ Linea — Is This the Future of Institutional DeFi and AI-Powered Yields?

28.10.2025
Does a weaker dollar drive Bitcoin price now?

Does a weaker dollar drive Bitcoin price now?

28.10.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz