Summary of ‘Uptober’ mentions on social media plummet amid crypto rout

Summary of ‘Uptober’ mentions on social media plummet amid crypto rout
https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=1200/https://s3.cointelegraph.com/uploads/2024-10/0192554f-784b-74de-9d9e-638d6e147203

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quoting nevent1q…8905

‘Uptober’ mentions on social media plummet amid crypto rout
https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=1200/https://s3.cointelegraph.com/uploads/2024-10/0192554f-784b-74de-9d9e-638d6e147203

“Uptober” fever has been waning on social media as crypto markets shed $200 billion since the start of October, according to Santiment.

https://cointelegraph.com/news/uptober-mentions-plummet-traders-turn-bearish-crypto

The article discusses the decline of bullish sentiment for October, dubbed 'Uptober', as crypto markets continue to retreat. Despite this, some experts believe a short-term bounce is possible. The article also mentions the historical performance of Bitcoin in October, which has been bullish in nine out of the past eleven years.