This Week in Crypto, Full Written Summary: W4 October
For those short on time, here are the key takeaways from this week’s crypto market analysis:
- Major Bearish Signal: Bitcoin whales are in a distribution phase, having sold off approximately 24,300 BTC in the last 18 days. This is historically a strong indicator of potential price declines.
- Fed-Induced Volatility: Federal Reserve announcements continue to create “fakeouts,” trapping retail investors who trade the news. The market’s reaction is often the opposite of what is logically expected.
- Retail Sentiment May Indicate Trap: Optimism is returning to retail traders. Historically, this shift in sentiment after a price drop can be a contrarian signal, often preceding further downside.
- Ethereum Shows Potential: While Bitcoin’s…
