FiCAS Insights

September was choppy: BTC +5.37%, ETH −5.6%, as an early rally reversed and a Sept 20–22 purge slashed leverage ($632M/24h, $6.3B/wk) despite a 25 bp Fed cut. October (“Uptober”) looks constructive: looser policy odds, potential altcoin ETF approvals, and a major hard-fork upgrade could broaden participation and restart momentum.