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

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

Bitcoin’s October performance is at risk due to high open interest in futures contracts and waning spot investor activity, according to Bitfinex’s report. While historically strong returns are expected, concerns include decreased aggressive buying and potential market overheating. However, a minor pullback could stabilize its upward trend.


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