October was supposed to be “Uptober” — instead Bitcoin hit a dizzying $126K before a brutal crash wiped out $19 billion in liquidations. A surprise Fed rate cut and the lingering end of quantitative tightening spooked markets, stalling altcoin season and sending traders running for the exits.
But it’s not game over: Louis argues October’s shake‐out could reset the cycle. A Fed pivot and fresh liquidity might still power Bitcoin toward $200K before year’s end, with altcoins ready to roar back once the weak hands are gone.
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