Bitcoin (BTC) starts a new week firmly back in the “Uptober” spirit as the weekly close gives way to a classic short squeeze.
In a return to classic BTC price volatility of the kind seen earlier in the month, the largest cryptocurrency is tackling $28,000 ahead of the first Wall Street open.
BTC/USD 1-hour chart. Source: TradingViewBTC/USD annotated chart. Source: Michaël van de Poppe/XBTC/USDT liquidation heatmap. Source: CoinGlass/XBTC/USD annotated chart. Source: Santiment/XGBTC premium vs. asset holdings vs. BTC/USD chart (screenshot). Source: CoinGlassBitcoin network fundamentals overview (screenshot). Source: BTC.comBitcoin raw hash rate data (screenshot). Source: MiningPoolStatsBTC/USD monthly returns (screenshot). Source: CoinGlass
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