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CryptoQuant data keeps Bitcoin 'Uptober' rally hopes alive

Original: CryptoQuant's onchain charts keep Bitcoin ‘Uptober’ thesis alive CryptoQuant onchain analysis points to a possible Bitco

CryptoQuant's onchain analysis points to a possible Bitcoin price bottom forming in October, keeping the seasonal 'Uptober' rally thesis in play. The firm cites falling exchange reserves, stable whale holdings and improving demand as signs that selling pressure may be easing. Traders are weighing whether these signals translate into a genuine recovery, though analysts caution that onchain indicators alone have historically been an imperfect predictor of short-term price moves.

Why now: Bitcoin investors are watching for signs of a bottom and seasonal October gains as prices remain volatile.

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Evidence

• CryptoQuant's onchain charts keep Bitcoin ‘Uptober’ thesis alive CryptoQuant onchain analysis points to a possible Bitcoin price bottom in October, citing lower exchange reserves, stable whale holdings and improving demand. https:// newisty.com/blog/cryptoquants-… · newisty

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