Bitcoin ETFs gain $21M after shedding $681M – Can CPI rescue Uptober?

Positioning before a key macro week is rarely random. Interestingly, that’s how this situation is playing out again this time. High caps are breaking key support levels, suggesting that investors are either preparing to buy the dip or anticipating a deeper correction. Current positioning signals indicate a growing tilt toward the latter. As one X post highlights, Bitcoin could be in for a run towards $60k, with some calling it an “inevitable setup.” Historically, Q4 has been bullish for Bitcoin and the broader crypto market, with average returns exceeding 71%.

Source: AMBCrypto