Morning Minute: Bitcoin Gets Spooked as ‘Uptober’ Lets Down

macro

Bitcoin fell below $108,000 after a sharp weekend sell-off, disappointing expectations for October’s traditionally strong “Uptober” performance. More than $19 billion in leveraged crypto positions were liquidated, amplifying the decline as traders reacted to renewed trade tensions between the U.S. and China. The episode highlights Bitcoin’s sensitivity to macroeconomic shocks and the risks of crowded, leveraged positioning.

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