CandleFocus Bitcoin October Rally Stalls as Long Liquidations Hit 28-Month High
2024-10-11
Author: Content Editor
Bitcoin's highly anticipated October breakout has been delayed as long liquidations hit a 28-month high. Despite briefly surpassing $64,400, Bitcoin's price quickly retreated to $58,800, triggering $290 million in long liquidations. Additionally, 24,100 BTC were sold at a loss, raising concerns about the recent sell-off. However, historical data suggests that October has been a positive month for Bitcoin in the past, leading some analysts to remain optimistic about its performance.
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