The post Has The Crypto Bull Run Begun With ‘Uptober’ Trend Revival Or Is It A Trap? Here’s What To Expect appeared first on Coinpedia Fintech News
As October comes to an end, the market is witnessing a renewed purchasing sentiment, marking a remarkable recovery and unlocking the full potential of the ‘Uptober’ trend. This week kicked off with a promising start on Monday, as Bitcoin price climbed to a peak of $35K, following news of upcoming ETFs. However, amidst rising profit-taking indicators visible in on-chain data, investors are struggling with uncertainty: is this bull run a trap, and does it possess the structural backbone to sustain this pace?
Investors’ Greed Backed By Fundamental Support
In the past 24 hours, the market has seen a sweeping liquidation of approximately $429 million, with short positions accounting for a significant $323 million, as reported by Coinglass. 
Interestingly, October has breathed new life into the crypto sentiment of 2023, with the tota

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