According to a report by a certain exchange, bitcoin has had a strong start, and the macro environment suggests that the crypto market may have passed the correction phase.
ChainCatcher reported that an Alpha report from a certain exchange pointed out that bitcoin had a strong start in October, reaching a new all-time high, with an average historical increase of about 21%. One of the main factors behind bitcoin's recent rise is the easing of selling pressure, as whale sell-offs have slowed significantly. In addition, the macro environment is also improving, such as a dovish Federal Reserve, easing inflation, and renewed ETF capital inflows. All these indicate that the correction phase in the crypto market may have already passed.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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