QCP Capital reports that following over 1.7 billion USD in leveraged liquidations, the market is stabilizing. Bitcoin has increased its dominance to 57%, while Ethereum’s share has decreased to 12%.
October is historically a strong month for Bitcoin, with significant demand for call options at the 120,000 to 125,000 range. Additionally, remarks from Powell and Core PCE data may act as catalysts for a fourth-quarter breakout.
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