Bitcoin is gaining support at the short-term holder cost benchmark, with the total network's open contracts accumulating again.

On October 2nd, Glassnode published an article stating that Bitcoin found support at the cost benchmark of short-term holders (STH), and the selling pressure from ETFs and long-term holders (LTH) has brought stability to the market. Options reset after expiration, open interest (OI) has been accumulating again, volatility has eased, and capital flows are leaning towards a cautious bullish outlook for the fourth quarter.

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