September was true to its description as a month. Historically weak period for cryptocurrency (BTCThis month closed with a loss around 7%. October could bring some cheer for bulls, as Bitcoin has increased in six of its eight previous years. Bitcoin fell in only 2014 and 2018.

As bears tried to close their short positions, bulls opened the month in a positive mood. The data shows more than The short position of $270,000,000 was liquidatedWithin minutes. Bitcoin’s enthusiasm was also shared by several altcoins which have surged higher today.