#ETH The noon rally continued to stretch in the evening, and take profit has been reached near 2640. Those who want to speculate can go for 2700. I'm going to bed first, and I'll see you tomorrow.

According to BlockBeats, on October 14th, QCP Capital stated in its official channel that BTC rose from $62,000 to $65,000, while leverage positions of about $80 million in BTC and ETH were liquidated. Some people may attribute today's rise to the news that Mt. Gox has postponed its repayment deadline until October 2025, but this news was already released last Friday. Although there are many factors that can explain today's price movement, if we look back at historical price action, now is a very interesting time. We are in mid-October, just three weeks away from the US presidential election day. Looking back at 2016, BTC traded in a very narrow range for over three months. It wasn't until the three weeks leading up to the US presidential election day that BTC began to rise from $600 and doubled in price in the first week of January. Similarly, in 2020, BTC was stuck in a range for six months until it started to rise from $11,000 three weeks before the election and reached a high of $42,000 in January. So far, the performance of Uptober has been quite disappointing, with BTC only rising 1.2%, while the average rise is 21%. After months of range trading, will history repeat itself? Today's rise undoubtedly brings a glimmer of hope to the market, just as the optimism of Uptober is gradually fading. With the push of the Spot price, the market will focus on profit targets for the fourth quarter.