Uptober Pullback: What’s Driving the Crypto Drop?

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The total crypto market capitalization has declined by 4.5%, with $200 billion exiting the space since its all-time high of $4.4 trillion on October 7. Altseason hasn’t arrived, and Bitcoin and Ether are down 4% and 12% from their respective all-time highs.

But it’s supposed to be ‘Uptober’!

Markets are dumping to “liquidate all the bulls and mainly the retail,” because leveraged longs always get flushed before the markets pump, said analyst Ash Crypto on Thursday. They predicted that the rally will resume again between October 15 and 20 with a “massive pump” at the end of the month.


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