Bitcoin Flashes Signs of an October Bottom Ahead of US Midterms

Bitcoin shows signs of an October bottom as analysts track whale holdings, recovering demand, and US midterm election risks. Bitcoin is showing early signs of a potential market bottom in October as easing oil prices and recovering on-chain demand offer some relief ahead of the US midterm elections. However, XWIN Japan, a digital asset management platform, argues that the recovery remains fragile, with interest rates, institutional flows, and spot buying still posing risks. In a recent market analysis , XWIN Japan pointed to three on-chain indicators that suggest conditions for a bottom are improving.