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Why the PUMPtober Market Dump is a Bull Trap

Is the PUMPtober dump just a trap? Here’s why the crypto market could bounce back stronger by end of October.

  • PUMPtober dump may be a strategic market flush.
  • Market makers often shake out retail before major pumps.
  • A parabolic rally could begin late October into Q4.

The crypto market’s recent dip in early October has taken many by surprise. Dubbed “PUMPtober” by the crypto community, October is historically known for bullish momentum in Bitcoin and altcoins. However, this year began with unexpected selling pressure, leading many traders—especially retail investors—to question the bullish outlook.

Market makers (MMs) and institutional players often trigger such sharp pullbacks to shake out overleveraged long positions. This process, known as a “long flush,” creates fear and confusion in the market, setting the stage for a stronger move later. According to many analysts, this dump is not the end but rather a setup for a significant bounce.

Is the Bull Run Still on Track?

Despite the early month panic, many traders believe the real PUMPtober is still coming. The idea is that from around October 15th to 20th, we could see a major reversal. As fear grips retail investors, the smart money often steps in, scooping up discounted assets.

If history repeats, October could still close with high double-digit gains. This move would likely trigger the next leg of the bull market, potentially kicking off the much-anticipated Q4 parabolic run.

What’s Next: A Parabolic Rally Ahead?

Looking beyond October, analysts are predicting staggering price targets if the market follows historical patterns:

  • Bitcoin could surge to $150,000 – $180,000
  • Ethereum may hit $8,000 – $12,000

Once these major assets lead the charge, the real Altseason is expected to begin. Altcoins could explode with 10x to 50x gains over the next 3-4 months, delivering life-changing returns to early movers.

While no prediction is guaranteed, the current setup resembles many past market cycles where fear turned into euphoria in just weeks. For now, staying informed and cautious may be the best move as October continues to unfold.

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Disclaimer: The content on CoinoMedia is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency investments carry risks, and readers should conduct their own research before making any decisions. CoinoMedia is not responsible for any losses or actions taken based on the information provided.

Aurelien Sage

Aurelien Sage is a blockchain enthusiast and writer, crafting insightful articles on decentralized technologies, Web3, and the future of finance. His work simplifies complex concepts, empowering readers to navigate the evolving crypto landscape with confidence.

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