Bitcoin Shows Signs of an October Bottom as U.S. Midterms Approach via @cryptoquant_com October is often called “Uptober,” but xWIN expected some downside before a sustained rally. High U.S. bond yields, expensive oil, slowing ETF inflows and profit-taking left Bitcoin vulnerable to leveraged liquidations. Now, signs of a potential bottom are emerging. On October 12, markets priced roughly an 18% chance of an October Fed hike, while Brent crude had eased from nearly $110 to around $103. With the November 3 midterms approaching, election scenarios are becoming clearer, although the Senate remains closely contested. Less political uncertainty after the vote could help investors reassess allocations. Three on-chain charts support cautious optimism. Exchange BTC reserves remain low despite a recent rebound. Apparent Demand has recovered sharply from deeply negative levels, though it remains below zero. Whale holdings have risen to around 3 million BTC and stayed elevated through the price correction. These developments suggest conditions for a bottom are improving. Confirmation requires sustained ETF inflows, stronger U.S. spot buying and continued demand recovery. “Uptober” need not mean uninterrupted gains: a correction can build the foundation for the next advance. https://t.co/mtYsUiJEot