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We’re finally in “Uptober”. Historically, October is a bullish month, with BTC having an average gain of 22.9% in 8 out of the last 9 Octobers. A similar increase would take us above 78k, breaking all-time highs.

While ETH also tends to perform well in October, its average returns over the past 8 Octobers have been approximately 5%. However, we observed a significant amount of ETH October Calls being purchased this morning.

BTC has been trading within the 60k-70k range for 8 months now. Will Uptober be the month we finally see a big breakout? The market is considering this possibility, especially with the US elections around the corner. Spot ETF inflows remain consistently positive, and perp funding is approaching levels reminiscent of Q1’s bull run.

Trade Idea

Trade the Uptober ATH Breakout with a BTC Call DIGI (75k 25-OCT)
Payout: 6.5x

Spot Ref: 64,000