According to Cointelegraph, Bitcoin onchain analysis indicated a potential bottom in early October as demand persisted despite external headwinds. CryptoQuant presented three charts that aligned with the “Uptober” thesis — suggesting upward momentum could develop in October amid supportive onchain indicators.
The analysis focused on observable onchain metrics rather than price targets or projections. Charts highlighted included measures related to trader behavior, market flow, and demand dynamics. No specific dates beyond “early October” were specified for the bottoming phase. The term “Uptober” refers to the expectation of positive price movement in October, based on onchain signals.
External headwinds faced by Bitcoin during this period included unspecified market pressures; however, demand remained steady according to the analysis. CryptoQuant’s visualization approach emphasized current onchain data points rather than forecasts. The three charts collectively reflected consistent patterns supporting the upward-trend hypothesis for October.
