{"id":583563,"date":"2024-10-04T10:36:45","date_gmt":"2024-10-04T10:36:45","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=583563"},"modified":"2024-10-04T10:36:45","modified_gmt":"2024-10-04T10:36:45","slug":"uptober-bull-run-hopes-dim-as-selltober-gains-momentum-on-social-media","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/uptober-bull-run-hopes-dim-as-selltober-gains-momentum-on-social-media","title":{"rendered":"Uptober Bull Run Hopes Dim As \u201cSelltober\u201d Gains Momentum On Social Media"},"content":{"rendered":"

Online mentions of “Uptober” have been on a downward trend since the beginning of the month, with “Selltober” and “Octobear” becoming more prevalent on social media platforms as hopes for a powerful bull run this month diminish<\/span>.<\/span><\/p>\n

That’s according to on-chain analytics platform Santiment, which <\/span>said<\/span><\/a> that traders have ditched the idea that this October will repeat the month’s historical track record of being an “automatic money printer for crypto.”<\/span><\/p>\n

\"The<\/p>\n

Don’t Give Up On Uptober Just Yet, Say Some Analysts<\/span><\/h2>\n

But analyst Michael van de Poppe <\/span>said<\/span><\/a> that “it’s relatively standard” for BTC to correct in the first week of October. He predicted that Bitcoin’s negative trend will “reverse from next week,” and added that any dips in the next few weeks should be seen as buy opportunities.<\/span><\/p>\n

BTC <\/span>dropped<\/span><\/a> more than 6% over the past 7 days to trade at $61,330.03 as of 3:29 a.m. EST. Despite this decline, veteran trader “Ash Crypto” told his 1.1 million X followers that the leading crypto’s price will drop enough to excite bears before a “hard” pump.<\/span><\/p>\n

\n

𝐎𝐂𝐓𝐎𝐁𝐄𝐑 𝟐𝟎𝟐𝟑
 
BITCOIN DROPPED 7.5% IN THE
FIRST WEEK.
 
THEN PUMPED 33% BY MONTH'S
END.
 
𝐎𝐂𝐓𝐎𝐁𝐄𝐑 𝟐𝟎𝟐𝟒
 
BITCOIN HAS DROPPED 6.5% IN
THE FIRST 3 DAYS
 
IMO, BTC COULD DROP A LITTLE
MORE SO THAT PEOPLE WILL STOP
BELIEVING IN UPTOBER
 
ONCE BEARS START… pic.twitter.com\/QI3AA1Ma7w<\/a><\/p>\n

— Ash Crypto (@Ashcryptoreal) October 3, 2024<\/a><\/p><\/blockquote>\n