Uptober Bull Run Hopes Dim As “Selltober” Gains Momentum On Social Media
Online mentions of “Uptober” have been on a downward trend since the beginning of the month, with “Selltober” and “Octobear” becoming more prevalent on social media platforms as hopes for a powerful bull run this month diminish . That’s according to on-chain analytics platform Santiment, which said that traders have ditched the idea that this October will repeat the month’s historical track record of being an “automatic money printer for crypto.” Don’t Give Up On Uptober Just Yet, Say Some Analysts But analyst Michael van de Poppe said that “it’s relatively standard” for BTC to correct in the first week of October. He predicted that Bitcoin’s negative trend will “reverse from next week,” and added that any dips in the next few weeks should be seen as buy opportunities. BTC dropped more than 6% over the past 7 days to trade at $61,330.03 as of 3:29 a.m. EST. Despite this decline,...