Dรฉjร Vu: Another Early-Month #Bitcoin Sell-Off Looming? $5 Billion ETF Inflows Just Arbitrage Plays?
๐1-12) Bitcoin's 10.9% October rally has traders on edge, anticipating a potentially weak start to November, a pattern seen in recent months. With October ending on a 2% drop, concerns are heightened by shifting U.S. election odds and mutual fund portfolio rebalancing at the fiscal year-end, which often pressures stock prices.
๐2-12) Bitcoin tends to experience sell-offs from the 28th to the 7th of the following month. Bitcoin experienced sharp declines of 12%, 15%, and 9% in early July, August, and September, while the early October drop was a more modest 5%. This persistent pattern has fueled anxiety as November begins, especially with U.S. election polls showing a slight decrease in Trumpโs winning odds on Polymarket, slipping from 67% to 64%, adding to market uncertainty.
๐3-12) Read the full report here: https://mail.10xresearch.co/p/d-j-vu-another-early-month-bitcoin-sell-off-looming-5-billion-etf-inflows-just-arbitrage-plays
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