QCP: October is usually a bull market month, and Bitcoin prices may break all-time highs

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QCP Capital's latest report points out that historical data shows that October is usually a bull market month. In the past 9 Octobers, Bitcoin has risen by an average of 22.9%. If the increase this year is similar, the price of Bitcoin will exceed $78,000, setting a new record high. Although Ethereum has also performed well in October, its average return in October over the past 8 years is about 5%. However, a large number of Ethereum October call options were observed this morning. In addition, spot ETF inflows continue to remain positive, and the funding rate of perpetual contracts is close to the level during the first quarter bull market.


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