The frequency of using the term "Uptober" to describe a bullish October for BTC and altcoins has significantly decreased, indicating bearish sentiment in the market. This comes after several months of decline, leading some to call it "Selltober" or "Octobear." Despite historically positive Octobers for Bitcoin, the current market conditions are less favorable, with Bitcoin already experiencing a 4.7% decline since early October. The broader crypto market has also decreased by $200 billion in market cap. However, there are signs that a bull run may occur in the short term, but uncertainty remains about the end of the current downtrend. Analysts are waiting to see if this year will follow the typical mid-October bounce back seen in the crypto market.



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