Welcome to “Uptober”
Oct 6, 2021
• 10
Min Read
Key Takeaways
A FUD-free week combined with shifting regulatory sentiment catalyzes a 33% weekly increase for $BTC and a 28% increase for $ETH. Bitcoin’s market cap returns to $1 trillion and trades above the 200-day moving average. Data points to a spot-driven market for Bitcoin as just over $100 million in short positions were liquidated on Wednesday’s move and leverage remains relatively subdued despite the bullish price action.$BTC transfer volume data demonstrating a higher percentage of transactions above $10 million in aggregate value suggests increased participation from institutio...