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Key Takeaways
- Bitcoin surged past $120K, its best since August, utilizing $400M in liquidations led by BTC and ETH.
- Seasonal traits exhibit October averaging 21% positive aspects, boosting bullish positioning.
Bitcoin climbed above $120,000 today, its best level since early August, sparking with regards to $400 million in liquidations over the past 24 hours. Records shows about $282 million came from short positions and $120 million from longs, with Bitcoin and Ethereum leading the wipeouts.
The largest crypto asset by market cap has received bigger than 7% for the reason that commence of the week. Traders are carefully staring at Q4 performance, as October has historically been one among Bitcoin’s strongest months, averaging a 21% return. Market contributors are positioning to survey whether the unique uptrend can extend into the closing quarter.
