Bitcoin Shows Market Exhaustion Signals as October Approaches with 21.89% Historical Returns

Glassnode analysis reveals Bitcoin facing downside risks after breaching the $111,800 support level, with long-term holders realizing 3.4 million BTC in profits. ETF netflows have declined to near zero while LTH selling increased to 122,000 BTC monthly. Despite bearish indicators, historical data shows Bitcoin averaging 21.89% returns in October.