Bitcoin's boring price action, characterized by continued accumulation by small investors, is being attributed to several reasons. including the U.S. election uncertainty and renewed uptick in the U.S. Treasury yields.
- Bitcoin is nearing the record for the longest sideways market range post-halving, currently at 285 days since the last halving in April.
- Factors like U.S. election uncertainty, rising U.S. Treasury yields, and the extension of Mt. Gox's repayment deadline to October 2025 are contributing to Bitcoin's lackluster price action.
- Historically, October is bullish for Bitcoin, particularly its second half.
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