Bitfinex Report: Bitcoin Starts October Strong, Macro Environment Indicates Crypto Market May Have Passed the Correction Phase
2025-10-07 06:30
According to Odaily Planet Daily, a Bitfinex Alpha report indicates that Bitcoin has had a strong start to October, reaching a new all-time high. Historically, Bitcoin's average October gain is approximately 21%. A major factor behind Bitcoin's recent gains is the easing of selling pressure, with whale selling significantly slowing. Furthermore, an improving macroeconomic environment, including a dovish Federal Reserve, easing inflation, and renewed inflows into ETFs, suggests the crypto market's correction may be over.
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