With Exchange Reserves Down 1.7%, CryptoQuant Sees a Bitcoin (BTC) October Bottom Forming

CryptoQuant data suggests a potential Bitcoin October bottom as exchange reserves fall 1.7%. Whales hold above 3 million BTC and demand is nearing neutral, signaling reduced sell pressure. The on-chain metrics point to a possible floor forming this month, though confirmation depends on whether demand shifts back to positive territory in the coming weeks.