Bitcoin, Ethereum, Dogecoin Begin ‘Uptober’ Deep In The Red, But Traders See This As The ‘Final Shakeout’

until the next “Final Shakeout”

tldr; Cryptocurrency markets, including Bitcoin, Ethereum, and Dogecoin, are experiencing declines as tensions rise in the Middle East. Despite this, traders view the downturn as a ‘final shakeout’ before potential gains. Data shows increased large transactions and active addresses, while liquidations have surged. Analysts suggest Bitcoin’s trend may shift from bearish to bullish, with historical patterns indicating potential growth in October. Traders see current prices as an opportunity for long-term investment.

*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

By January or February we might know where we stand this cycle.