CryptoQuant Uses 3 Charts to Support ‘Uptober’ Bitcoin Outlook

Bitcoin traders are watching October with fresh interest after onchain indicators began lining up with a pattern that has historically supported stronger month-end performance. New analysis from CryptoQuant suggests the market is moving into a period of “cautious optimism,” with several metrics pointing to a potential local bottom already forming. The broader backdrop remains mixed. The start of the month coincided with headwinds tied to macro and geopolitics—such as elevated US bond yields at 24-year highs, higher oil prices, and cooling capital inflows to exchange-traded products.