Bitfinex Report: Bitcoin Starts October Strong, Macro Environment Indicates Crypto Market May Have Passed the Correction Phase

CoinFeed reported on October 7th that a Bitfinex Alpha report indicated that Bitcoin had a strong start to October, reaching a new all-time high. Historically, Bitcoin's average October gain is approximately 21%. A major factor behind Bitcoin's recent gains is the easing of selling pressure, with whale selling significantly slowing. Furthermore, an improving macroeconomic environment, including a dovish Federal Reserve, easing inflation, and renewed inflows into ETFs, suggests that the crypto market's correction may be over.