Bitcoin has entered the final quarter of the year, and as usual, market participants, market analysts, and Bitcoin traders are anticipating a long-term price rally. As predictions pour in from key players, market watchers are noting Bitcoin’s historic performance during this time of year. In a recent CNBC report, a reporter noted that Bitcoin has historically outperformed in October.
“October is historically a very strong month for Bitcoin, and there have only been three negative Octobers since 2013, and there are signs that this one could play out exactly as Bitcoin wants and hopes. Data from Cryptoquant shows stablecoin inflows Binance are up 40% over the last 40 days.” The reporter asserted.
The CNBC reporter added that stablecoin inflows to Binance are rising, suggesting large holders are moving cash into the exchange ahead of potential market moves and a possible “Uptober” rally. Those inflows have climbed 40%, totaling an estimated $40 billion over the past 40 days. The reporter noted that institutional players are also buying Bitcoin, citing the recent uptick in ETF inflows. Going forward, investors expect Bitcoin to advance without heavy leverage, though the picture remains mixed.
Notably, Interest rates and liquidity conditions are turning more supportive. As the reporter added, the latest jobs data shows the economy weakening enough that the Federal Reserve may have fewer reasons to keep raising rates. That shift frees up more capital for crypto purchases and creates a more favorable environment for risk assets. With a crypto-friendly regulatory backdrop, the setup could point to a bull market year, as the next major data inflection point may prove the most interesting piece of the puzzle.
At press time, Bitcoin is trading at $81,666, down 1.9% over the past 24 hours and more than 3% over the past week.
 
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