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Foolish Mortals, Distracted by Sparkling Siren Song of Uptober

A  Bitcoin character sits on a couch, looking unimpressed as the calendar flips to October. The room is filled with cobwebs and old newspapers from previous years' Octobers, while outside the window a stormy sky looms large.

I’m not sure what’s more ridiculous: the idea that traders are still trying to make sense of Bitcoin’s price movements or the fact that people continue to pay attention to this nonsense.

Source: cointelegraph

While October has historically been one of the strongest months for Bitcoin (BTC), a trader argues that placing too much importance on the entire month is wrong. “I do believe focusing too much on one month versus periods or larger blocks of time is a mistake,” Oliver Velez wrote in an Oct. 2 X post. The average monthly return in October for Bitcoin is 20.65%. Source: CoinGlass Velez emphasized that while […]

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