What we will talk about today...

Worst Uptober in Years? Bitcoin Risks First Red October Since 2018

Bitcoin trades flat after early highs, raising concern that October could close negative for the first time in seven years.

• [Performance Drop]: Bitcoin is down about 2.3% for the month, far below its typical 20% average October gain.

• [Historical Context]: In past bull years like 2017 and 2021, Bitcoin rose over 40% in October.

• [Market Outlook]: A 4% drop from here would mark Bitcoin’s worst October since 2013.

Wall Street Isn’t Warning You, But This Chart Might

Vanguard just projected public markets may return only 5% annually over the next decade. In a 2024 report, Goldman Sachs forecasted the S&P 500 may return just 3% annually for the same time frame—stats that put current valuations in the 7th percentile of history.

Translation? The gains we’ve seen over the past few years might not continue for quite a while.

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ChatGPT’s Bitcoin Strategy Ahead of U.S. CPI Data

Traders brace for the U.S. inflation report, which could dictate short-term moves for Bitcoin.

• [Market Setup]: Bitcoin holds between $107,000 and $111,000 as traders wait for the CPI release.

• [AI Advice]: ChatGPT suggests cutting leverage and hedging with short-term puts before the data hits.

• [Reaction Plan]: A hotter CPI could hurt BTC as yields rise, while a softer reading might spark a rebound.

Satoshi-Era Bitcoin Wallet Awakens After 14.4 Years

A long-dormant wallet linked to Bitcoin’s earliest days has moved 4,000 BTC worth about $440 million.

• [Wallet Details]: The address dates back to 2009–2011, when Bitcoin’s creator was still active online.

• [Whale Moves]: The coins appear to be transferring to another wallet that has already been selling.

• [Market Impact]: Analysts say whale sales are adding resistance near the $110,000 level.

CAN YOU PREDICT THE PRICE?

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This article is not financial advice. Market conditions can change rapidly, and past performance does not guarantee future results