Bitcoin Trails Its Typical October Path by Nearly 10 Percentage Points as Mid-Month Weakness Takes Hold

Bitcoin trails its historical October pace at mid-month, with BTC below its Oct. 1 open as $80.4K support and past late-month recoveries come into focus. Bitcoin entered October with an early advance, but the move has reversed sharply enough to leave BTC behind its typical mid-month performance. CryptoQuant’s comparison shows Bitcoin sitting 3.2% below its Oct. 1 opening price by Oct. 15, while the same point in previous Octobers has historically produced an average gain of 6.7%. Bitcoin opened October at $83,576 and initially pushed higher during the first week.

Source: The Crypto Basic