{"id":89479,"date":"2025-10-01T17:22:25","date_gmt":"2025-10-01T14:22:25","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=89479"},"modified":"2025-10-01T17:27:22","modified_gmt":"2025-10-01T14:27:22","slug":"bitcoin-hints-at-an-october-upswing","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitcoin-hints-at-an-october-upswing\/","title":{"rendered":"Bitcoin hints at an October upswing"},"content":{"rendered":"<p>Bitcoin rose 5% in September despite volatility. Analysts have highlighted several key indicators pointing to a potential \u201cbig move\u201d.<\/p>\n<p>CryptoQuant pointed to a drop in the <a href=\"https:\/\/u1f987.com\/en\/news\/what-the-rsi-is-for-and-whether-it-suits-cryptocurrencies\">RSI<\/a> of the <span data-descr=\"Stablecoin Supply Ratio, SSR\" class=\"old_tooltip\">Stablecoin Supply Ratio<\/span> to multi-month lows \u2014 to 21. The metric measures the purchasing power of <a href=\"https:\/\/u1f987.com\/en\/news\/what-are-stablecoins\">stablecoins<\/a> relative to digital gold and currently sits in accumulation territory.<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\">\n<p lang=\"en\" dir=\"ltr\">Stablecoin Supply Ratio RSI Signals Buy \ud83d\udd0d<\/p>\n<p>The Stablecoin Supply Ratio (SSR) RSI is at 21, and is \u2018buy\u2019 territory. The Stablecoin Supply Ratio (SSR) measures the buying power of stablecoins relative to Bitcoin. <\/p>\n<p>It\u2019s calculated by dividing Bitcoin\u2019s market cap by the market cap\u2026 <a href=\"https:\/\/t.co\/ZXV9UE7p5y\">pic.twitter.com\/ZXV9UE7p5y<\/a><\/p>\n<p>\u2014 CryptoQuant.com (@cryptoquant_com) <a href=\"https:\/\/twitter.com\/cryptoquant_com\/status\/1972983320095993937?ref_src=twsrc%5Etfw\">September 30, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Similar readings in May coincided with the formation of a price bottom for bitcoin below $75,000. A 67% rally followed, to an all-time high near $124,500.<\/p>\n<p>The ratio\u2019s decline points to rising stablecoin purchasing power, corroborated by growing liquidity \u2014 issuance of more than $10bn of <a href=\"https:\/\/u1f987.com\/en\/news\/what-is-tether-usdt\">USDT<\/a> over the past 60 days.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/img-e14a6fa11545edc1-5720910306946129-1024x576.png\" alt=\"image\" class=\"wp-image-266755\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/img-e14a6fa11545edc1-5720910306946129-1024x576.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/img-e14a6fa11545edc1-5720910306946129-300x169.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/img-e14a6fa11545edc1-5720910306946129-768x432.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/img-e14a6fa11545edc1-5720910306946129-1536x864.png 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/img-e14a6fa11545edc1-5720910306946129.png 1600w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/x.com\/cryptoquant_com\/status\/1972983213338550403\/photo\/1\">X\/CryptoQuant<\/a>.\u00a0<\/figcaption><\/figure>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cThis is a clear sign of fresh liquidity flowing into the market. The growth in the supply of stablecoins creates a powerful foundation for a bull market,\u201d the experts stated.<\/p>\n<\/blockquote>\n<p>CryptoQuant also noted that long-term bitcoin holders continue to add to positions. Their addresses now hold a record 298,000 BTC.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/img-59c8cbeb9340f185-5720927841605091-1024x576.png\" alt=\"image\" class=\"wp-image-266756\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/img-59c8cbeb9340f185-5720927841605091-1024x576.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/img-59c8cbeb9340f185-5720927841605091-300x169.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/img-59c8cbeb9340f185-5720927841605091-768x432.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/img-59c8cbeb9340f185-5720927841605091-1536x864.png 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/img-59c8cbeb9340f185-5720927841605091.png 1600w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/x.com\/cryptoquant_com\/status\/1972983480071139572\/photo\/1\">X\/CryptoQuant<\/a>.<\/figcaption><\/figure>\n<p>According to the specialists, that points to optimistic sentiment about the potential of the leading cryptocurrency among investors.<\/p>\n<h2 class=\"wp-block-heading\">Forming a bottom<\/h2>\n<p>Earlier, Bitwise <a href=\"https:\/\/u1f987.com\/en\/news\/analysts-predict-uptober-despite-market-fear-signals\">noted<\/a> the end of bitcoin\u2019s decline phase. The experts said sellers look \u201cincreasingly exhausted\u201d.<\/p>\n<p>Analytics platform Swissblock also stressed that the crypto market has shifted into a \u201creset\u201d. This is shown by the Impulse Signal indicator, which tracks price dynamics across 350 leading assets. The metric has fallen from 100% a few weeks ago to 20% now.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">3\/ At that exact point, the Impulse Signal collapses to zero.<\/p>\n<p>That\u2019s the moment panic exhausts and new buyers step in.<br \/>Since early 2024, this reset has only happened 3 times.<br \/>Each one marked a cycle bottom.<br \/>Each one was followed by a sustained recovery.<\/p>\n<p>We are approaching that\u2026 <a href=\"https:\/\/t.co\/a6szs47CtH\">pic.twitter.com\/a6szs47CtH<\/a><\/p>\n<p>\u2014 Swissblock (@swissblock__) <a href=\"https:\/\/twitter.com\/swissblock__\/status\/1973120111973446100?ref_src=twsrc%5Etfw\">September 30, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cThis is the moment when panic exhausts itself and new buyers step in,\u201d the experts noted.<\/p>\n<\/blockquote>\n<p>They added that since early 2024 this has happened only three times, and each marked a \u201ccycle bottom\u201d for digital gold. A sustained recovery in the cryptocurrency\u2019s price followed.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cWe are approaching that configuration again,\u201d Swissblock concluded.<\/p>\n<\/blockquote>\n<h2 class=\"wp-block-heading\">Correlation with gold resumes<\/h2>\n<p>Over the past 24 hours, bitcoin\u2019s price has risen by 3.5%. At the time of writing the leading cryptocurrency trades around $116,500.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"603\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/img-a27e6067e955ba8d-5720966449769878-1024x603.png\" alt=\"image\" class=\"wp-image-266757\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/img-a27e6067e955ba8d-5720966449769878-1024x603.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/img-a27e6067e955ba8d-5720966449769878-300x177.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/img-a27e6067e955ba8d-5720966449769878-768x452.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/img-a27e6067e955ba8d-5720966449769878-1536x904.png 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/img-a27e6067e955ba8d-5720966449769878.png 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Hourly chart of BTC\/USDT on Binance. Source: <a href=\"https:\/\/ru.tradingview.com\/chart\/?symbol=BINANCE%3ABTCUSDT\">TradingView<\/a>.\u00a0<\/figcaption><\/figure>\n<p>The asset\u2019s recovery coincided with a rise in gold, which <a href=\"https:\/\/ru.tradingview.com\/chart\/?symbol=TVC%3AGOLD\">reached<\/a> a new all-time high. On October 1 the precious metal climbed to a record $3,895 per ounce.<\/p>\n<p>Technical analysis confirmed a resumption of bitcoin\u2019s correlation with gold: a trader under the handle HTL-NL published a chart of BTC priced in the metal. It shows an attempt to break a key long-term resistance.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a> in gold. <a href=\"https:\/\/t.co\/XhVxMk655A\">pic.twitter.com\/XhVxMk655A<\/a><\/p>\n<p>\u2014 HTL-NL \ud83c\uddf3\ud83c\uddf1 (@htltimor) <a href=\"https:\/\/twitter.com\/htltimor\/status\/1973320621598843037?ref_src=twsrc%5Etfw\">October 1, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The head of Bitwise\u2019s European research unit, Andre Dragosch, <a href=\"https:\/\/x.com\/Andre_Dragosch\/status\/1973234554275000760\">believes<\/a> that gold\u2019s rally has run its course. In his view, that could benefit risk assets, including cryptocurrencies.<\/p>\n<h2 class=\"wp-block-heading\">\u201cGreen\u201d September<\/h2>\n<p>For the third year running, bitcoin finished September in the green. Historically, the month has been one of the worst for digital gold.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"541\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/img-3af6bc4d2bdce259-5721039383043311-1024x541.png\" alt=\"image\" class=\"wp-image-266758\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/img-3af6bc4d2bdce259-5721039383043311-1024x541.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/img-3af6bc4d2bdce259-5721039383043311-300x158.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/img-3af6bc4d2bdce259-5721039383043311-768x405.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/img-3af6bc4d2bdce259-5721039383043311-1536x811.png 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/img-3af6bc4d2bdce259-5721039383043311.png 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/www.coinglass.com\/today\">CoinGlass<\/a>.\u00a0<\/figcaption><\/figure>\n<p>An analyst going by Mikybull Crypto <a href=\"https:\/\/x.com\/MikybullCrypto\/status\/1973278459460985048\">noted<\/a> that after each positive September for the cryptocurrency \u201ca large-scale rally in the fourth quarter followed\u201d.<\/p>\n<p>Earlier, experts <a href=\"https:\/\/u1f987.com\/en\/news\/analysts-predict-uptober-despite-market-fear-signals\">forecast<\/a> Uptober despite signals of fear.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Analysts flag several indicators pointing to a potential \u201cbig move\u201d for bitcoin in October.<\/p>\n","protected":false},"author":1,"featured_media":89480,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Analysts point to bitcoin\u2019s renewed correlation with gold","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1146,1205,1138,807],"class_list":["post-89479","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-cryptocurrency-market-forecasts","tag-cryptoquant","tag-opinions","tag-stablecoins"],"aioseo_notices":[],"amp_enabled":true,"views":"205","promo_type":"1","layout_type":"1","short_excerpt":"Analysts point to bitcoin\u2019s renewed correlation with gold","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/89479","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=89479"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/89479\/revisions"}],"predecessor-version":[{"id":89481,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/89479\/revisions\/89481"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/89480"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=89479"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=89479"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=89479"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}