Bitcoin's bull market points to 'Uptober' as MVRV regime shifts
- —October has been a positive month for Bitcoin in 10 of the last 13 years
- —MVRV 30DMA/365DMA crossed above 1.0, the sixth regime shift since 2012
- —Spot ETF inflows reached nearly $3 billion over ten days
- —Unrealized profit margins hit 33%, with profit-taking at 25.7K BTC
Why it matters: The MVRV regime shift and seasonal tailwinds support the bullish case, but rising profit-taking raises the risk of a deeper correction.
Source: AMBCrypto