Bitcoin Leads October Rally

🔵On the evening of October 3, Bitcoin surged past $123,000, while Ethereum climbed above $4,500. BTC is up roughly 10% in a week, with liquidations totaling $554M, reflecting heightened market volatility. Optimism is fueled by the ongoing U.S. government shutdown and ETF inflows, though some analysts caution about the risk of a near-term correction.

🔵Trader BitBull argues the move marks the start of Q4 with a market “reset” as leverage cools off. However, others — including analyst Roman — point to signs of overbought conditions and declining trading volumes, which could trigger a short-term cooldown before the next leg higher.