Morning Minute: Uptober Begins with Gains
MissedBlock Desk · · 2 min read
Updated
Uptober Off to a Green Start
Bitcoin surged to $86,500 on Sunday, marking a 2.07% gain for the day and an impressive 8.57% increase over the past month. Ethereum is currently trading at $2,720, up 11.05% in the last thirty days. The vast majority of cryptocurrencies within the top ten by market capitalization are also showing positive movement, living up to October’s moniker of “Uptober.”
The performance of spot Bitcoin Exchange-Traded Funds (ETFs) has also been strong. These funds saw inflows of $31.7 million on Saturday and $102.7 million on Thursday, totaling $134.4 million for the month. This two-day streak of positive inflows follows September, which concluded with a net outflow of $148.7 million.
The altcoin market is exhibiting even more significant activity. Pump.fun has emerged as a notable performer, with a 26.2% increase, while LayerZero has seen a 19.8% rise. Sky and Aave have both posted double-digit gains for the week. These are not speculative meme coins, but rather protocols that generate revenue, many of which implement buyback programs. The U.S. Securities and Exchange Commission (SEC) recently clarified that token buybacks do not inherently classify a token as a security, provided the underlying network is functional. This regulatory clarity appears to be making it more accessible for investors to participate in revenue-generating protocols.
The current market trend suggests that the gains are substantial and are extending beyond Bitcoin. The recent week, which saw the quietest ETF flows in a month, also coincided with widespread price appreciation across the market. This indicates that crypto-native funds are likely the primary drivers of this recent price action, rather than institutional investors.
Today holds particular significance as, according to historical four-year cycle patterns, the market is expected to bottom out today. This projection is based on the all-time high (ATH) reached on October 6, 2025, and a consistent 364-day top-to-bottom timeline observed in the previous two cycles. Therefore, if no major negative events occur today or this week, remaining bearish sentiment is likely to dissipate, signaling the official commencement of a bull market.