Kryptodata

  • Market Cap: $2,570,095,572,556.23
  • 24h Vol: $96,462,998,023.59
  • BTC Dominance: 51.91%
Has 'Uptober' arrived? Bitcoin and Ethereum experience sudden surge, causing $70M in short positions to be wiped out.

Has ‘Uptober’ arrived? Bitcoin and Ethereum experience sudden surge, causing $70M in short positions to be wiped out.

– The price of Bitcoin and Ethereum surged nearly 4% in a 15-minute window, leading to bullish predictions for October.

– Over $70 million in crypto shorts were liquidated after the sudden jump in prices.

– Bitcoin surged 3% from $27,100 to $28,053 before settling just below $28,000.

– Ethereum’s native currency, Ether, also experienced a spike, gaining 4.7% before leveling out.

– The sudden movement has left many in the community puzzled, with some speculating that “someone knows something.”

– “Uptober” refers to October being historically bullish for cryptocurrencies.

– October has only produced negative monthly returns twice since 2013.

– The potential approval of a spot Bitcoin exchange-traded fund is an event the market is looking forward to.

– Short sellers experienced losses, with over $70 million worth of shorts liquidated in just two hours.

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