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<p>As October begins, traders on Binance are making confident moves with Bitcoin (BTC). A notable <strong>61.36%</strong> of traders are going long, believing that Bitcoin's price will rise this month. This optimism follows a strong September, where Bitcoin gained <strong>7.35%</strong>, marking its <a href="https://coinpedia.org/news/bitcoin-struggles-after-best-september-ever-but-could-74k-still-be-in-sight/" target="_blank" rel="noreferrer noopener">best September ever</a> </p>   
<p>With such confidence among traders, many are left wondering: Is now the perfect time to buy the dip?</p>   
<h2 class="wp-block-heading" id="h-why-are-traders-fleeing">Why Are Traders Fleeing? </h2>   
<p>However, the start of the month has been rocky for global stocks and risk assets like Bitcoin (BTC). The market took a hit after Iran launched 200 missiles at key locations in Israel. In response, Israel threatened retaliation, adding to market concerns.</p>   
<p>Bitcoin dropped to a low of $60,300, reflecting a rough start to a month that is usually strong for the cryptocurrency. This sharp decline led to significant losses for futures traders, who faced their largest setbacks since early August.</p>   
<h2 class="wp-block-heading" id="h-liquidations-soar"><strong>Liquidations Soar </strong></h2>   
<p>Coinglass date revealed that in just 24 hours, futures tied to major tokens saw over <a href="https://www.coinglass.com/LiquidationData" target="_blank" rel="noreferrer noopener nofollow">$452.9 million in long liquidations</a> as Bitcoin's drop led to losses among many tokens, some falling as much as 8%. Surprisingly, almost 86% of all futures bets were bullish!</p>   
<p>About 38.64% of traders are taking a cautious approach by placing short bets on Bitcoin, indicating that they believe the price might soon decline. This highlights the uncertainty still present in the market.</p>   
<p>Prominent crypto analyst Ali Martinez points out a promising trend in the current Long/Short ratio, which is 1.59. This ratio suggests that more traders are betting on an increase in Bitcoin’s price.</p>   
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   https://twitter.com/ali_charts/status/1841367700548825438 
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<p>Interestingly, 61.36% of traders remain optimistic, expecting Bitcoin’s price to rise this month. Historically, October has been one of Bitcoin's strongest months, and traders are hopeful for a repeat of past successes.</p>   
<p>Long traders are encouraged by Bitcoin’s recent gains, as BTC closed September with a notable 7.35% increase. They see October as an opportunity for profit, with many speculating that the price could soon surpass $74k.</p>   
<p>As October unfolds, all eyes will be on Bitcoin to see if the bullish trend continues.</p>   [post_titles_links postid="358355"]   
<h2 class="wp-block-heading" id="h-time-to-buy-the-dip">Time to Buy the Dip?</h2>   
<p>Growing global tensions have shaken the crypto market, causing panic selling as investors quickly sell off their assets out of fear. However, this sell-off can create valuable buying opportunities for smart investors. When the market is in turmoil, it might be the best time to buy the dip!</p>

Is the Bitcoin Bull Run Back? Traders Bet on October Gains

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