Despite Bitcoin's historical performance in October, with an average gain of 22% since 2013, the cryptocurrency dipped below $60,000, triggering substantial liquidations.
Polymarket bettors exhibit mixed sentiments on Bitcoin's price movement for October, leaning towards a range-bound behavior between $57.5K and $65K, rather than aiming for $70,000.
Rising oil prices are impacting Bitcoin's investor sentiment, causing a shift towards commodities, showcasing the interconnectedness of market trends and investor behaviors.
Social sentiment on platforms like X reflects a bearish outlook on Bitcoin’s price recovery, contrasting its historical performance during October, traditionally the strongest month for gains.
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