Morning Minute: Bitcoin Gets Spooked as ‘Uptober’ Lets Down

Uptober has been anything but. BTC is sitting at $83K, down 3.2% on the week. It topped out near $87K early last week, then slid to $81K on Monday, a roughly 7% drawdown, before bouncing modestly. Sentiment followed price. The Crypto Fear & Greed Index fell to 56 (neutral), down from 67 a week ago and well off its August peak of 82, the year’s high. That’s essentially back to where we were before the summer rally that had Tom Lee and CryptoQuant’s Ki Young Ju calling the end of the bear market. Alts took it worse.