Bitfinex Report: Bitcoin Starts Strong, Macroeconomic Environment Indicates Crypto Market May Have Passed the Correction Phase

ChainCatcher news, the Bitfinex Alpha report indicates that Bitcoin has started strong in October, reaching an all-time high, with an average historical increase of about 21%. One of the main factors behind Bitcoin's recent rise is the easing of selling pressure, as whale sell-offs have significantly slowed down. Additionally, the macro environment is also improving, with factors such as a dovish Federal Reserve, easing inflation, and a reflow of ETF funds, all suggesting that the correction phase in the crypto market may be over.