— Daniel Joe (@DanielJoe916) October 1, 2021
$270M liquidations in an hour
say hi to uptober
— Lex Moskovski (@mskvsk) October 1, 2021
At the time of writing, volatility remained, with BTC/USD still above $47,000 — the site of August’s monthly close.
Fellow analyst Rekt Capital meanwhile provided a more sombre take.
“And then it will resume its uptrend.”
The last time that Bitcoin saw $47,000 was on Sept. 19.
“Uptober” lives up to its name
The mood was just as buoyant among major altcoins, which in some cases saw gains of over 10%, matching BTC/USD.
Bitcoin dominance had already picked up into the new month, standing at 43.3% at the time of writing.