As reported by Odaily, QCP Capital noted that the crypto market showed signs of stabilization following over $17 billion in leveraged positions being liquidated. The altcoin season index dropped from nearly 100 to 65, while Bitcoin’s market share rose to 57%, and ETH’s share fell to 12%, indicating capital is flowing back to BTC. The report highlighted that October is historically one of BTC’s strongest months, with strong demand for bullish options in the $120,000 to $125,000 range. If this week’s Powell speech and core PCE data confirm inflation is under control, it could provide liquidity-driven momentum for BTC to break out in Q4.
QCP Capital: BTC Stabilizes After $17B Liquidation, Capital Inflow May Drive Q4 Breakout
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