Crypto markets remain bullish in October despite a major liquidation event. Market cap quickly rebounded to $4 trillion after a weekend rout, but Bitcoin pulled back below $111,000. Analysts believe the recent volatility is structural, not influenced by external factors like in 2017 or 2021.

HashKey Group researcher expects near-term volatility on the path to the cycle top. Sentiment remains subdued post-liquidation, but medium-to-long-term outlook is positive with policy easing and liquidity repair dominating themes.

Bitcoin historically gains in October, with the most upside seen in the second half of the month. Altcoins typically dump before altseason, but Bitcoin tends to rally after Oct. 15. Gold’s rally to ATH suggests potential rotation of capital back into Bitcoin soon.

Trade tariff concerns ease as President Trump and Chinese President Xi Jinping plan to discuss trade. Federal Reserve rate cuts and the debasement trade narrative also contribute to the positive sentiment for “Uptober.” Market remains hopeful for continued gains.

Read more at Cointelegraph: Bullish October Still Likely After Crypto Liquidation Event