🎢 Bitcoin is riding the Uptober wave! 🎢
Since mid-October, Bitcoin has been showing great momentum, flirting with $69,000 after a prolonged period of stagnation. This recovery seems to coincide with a massive increase in open interest on derivatives markets, reaching $37.6 billion – almost an all-time high – which could signal the arrival of big moves in the coming weeks.
We are clearly in a key period: institutional investors are increasing their positions, while support around $66,000 reinforces the bullish trend. With positive volatility and historical trends that often show a peak during the quarter (October-November-December), we may be seeing Bitcoin aiming for new highs again.
Seasonality is also playing in Bitcoin’s favor, and optimism is palpable, especially with the return of demand for stablecoins and a potentially more crypto-friendly US policy framework. Let’s stay alert for support areas and volatility – the end of the year could be explosive for Bitcoin.
