Bullish Bitcoin bets unraveled below $110K: Will October revive risk-on sentiment?

Bitcoin is down 5%, its sharpest weekly drop since March, but October seasonality and long-term holder stability suggest a potential recovery ahead.

Key takeaways:

Bitcoin suffers its steepest weekly decline since March, slipping under $110,000.

Over $15 billion in leveraged positions were flushed out, signaling a reset in risk appetite.

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