{"id":75203,"date":"2023-10-02T00:29:41","date_gmt":"2023-10-02T00:29:41","guid":{"rendered":"http:\/\/kryptodata.se\/has-uptober-arrived-bitcoin-and-ethereum-experience-sudden-surge-causing-70m-in-short-positions-to-be-wiped-out\/"},"modified":"2023-10-02T00:29:41","modified_gmt":"2023-10-02T00:29:41","slug":"has-uptober-arrived-bitcoin-and-ethereum-experience-sudden-surge-causing-70m-in-short-positions-to-be-wiped-out","status":"publish","type":"post","link":"http:\/\/kryptodata.se\/has-uptober-arrived-bitcoin-and-ethereum-experience-sudden-surge-causing-70m-in-short-positions-to-be-wiped-out\/","title":{"rendered":"Has ‘Uptober’ arrived? Bitcoin and Ethereum experience sudden surge, causing $70M in short positions to be wiped out."},"content":{"rendered":"

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

– Over $70 million in crypto shorts were liquidated after the sudden jump in prices.<\/p>\n

– Bitcoin surged 3% from $27,100 to $28,053 before settling just below $28,000.<\/p>\n

– Ethereum’s native currency, Ether, also experienced a spike, gaining 4.7% before leveling out.<\/p>\n

– The sudden movement has left many in the community puzzled, with some speculating that “someone knows something.”<\/p>\n

– “Uptober” refers to October being historically bullish for cryptocurrencies.<\/p>\n

– October has only produced negative monthly returns twice since 2013.<\/p>\n

– The potential approval of a spot Bitcoin exchange-traded fund is an event the market is looking forward to.<\/p>\n

– Short sellers experienced losses, with over $70 million worth of shorts liquidated in just two hours.<\/p>\n","protected":false},"excerpt":{"rendered":"

<\/p>\n

The price of Bitcoin and Ethereum surged nearly 4% in just a 15-minute window, sparking bullish predictions for the month of October.<\/p>\n","protected":false},"author":1,"featured_media":75204,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"Default","format":"standard","meta":{"_oct_exclude_from_cache":false,"site-sidebar-layout":"default","site-content-layout":"default","ast-global-header-display":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","footnotes":""},"categories":[17],"tags":[47,46],"class_list":["post-75203","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-bitcoin","tag-ethereum"],"yoast_head":"\nHas 'Uptober' arrived? 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