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Bitcoin Beats September's Curse: Is There Enough Demand for October?
Published Source: BeInCryptoRead original
Crypto Insight Summary: Bitcoin (BTC) closed September with a 6.33% gain, breaking away from a month that has averaged losses since 2013. The buying that carried the rally, however, has thinned as October begins. Spot Bitcoin exchange-traded funds (ETFs) ended a 9-day inflow streak on Wednesday, while long-term holders stepped up their selling. Meanwhile, a large wall of Crypto Insight Analysis: Direction: Neutral Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: BTC's September strength is offset by thinning demand and selling from long-term holders.