October 11th, the crypto world witnessed the most brutal $19 billion liquidation in history. Fast forward a year, and early October has once again sparked panic in the market: BTC plunged from around $87,000 all the way down below $81,000, while ETH briefly dropped below $2,400. In just 24 hours, total liquidations across the market reached approximately $1.19 billion, with over $1 billion coming from longs. October has barely started, and the crypto space is already facing a storm of FUD from AI wallet signature hacks, risks of a U.S.-Iran war, surging U.S. bond yields, and the collective trauma of last year’s October 11th crash. It feels like every bearish factor has hit all at once. Yet, despite all the FUD, Bitcoin’s daily chart is still holding above the 120-day moving average. As long as this mid-term trendline isn’t decisively broken, the upward trend for crypto remains intact. The market’s favorite game is to make the majority increasingly confident in one direction, only to suddenly reverse course. If BTC can break through the resistance near $87,000 again, combined with a pullback in U.S. bond yields and renewed capital inflows, short covering could turn the rebound into a full-blown short squeeze rally. The most painful thing in a bull market isn’t always the crash—it’s surviving all the dips, only to give up your position during the final wave of panic before the real rebound. Uptober might be late, but it never misses.