🚀🚨😲Macro risk has drowned out seasonality. 💥🫥The U.S.–China tariff standoff, weak liquidity, and a string of leveraged washouts have all combined to cap upside.#PowellRemarks

Bitcoin’s slide under $107,000 last week triggered another $1.2 billion in liquidations, wiping out long positions built after September’s rebound. Ethereum, Solana, and BNB are each down 4%–7% on the week, while smaller tokens like DOGE#FedRateCutExpectations

$0.1891 and ADA

$0.6483 have dropped over 20%. The CoinDesk 20 Index is down 8% in October. #USBankingCreditRisk

October’s red streak isn’t unprecedented, but it’s rare. Bitcoin has only closed the month lower two times in twelve years — 2014 and 2018, with the latter ending with a 3% decline.#MarketPullback

However, in 2020, bitcoin flipped from an early October loss to a 27% rally by month-end, setting up the following year’s record highs. With two weeks left, the calendar still leaves room for a reversal.#write2earnonbinancesquare

"Uptober” may not be but it’s testing its name this year.$BTC $ETH $BNB