As September comes to a close with fluctuating markets, will the three major potential Favourable Information in October restart the bull run?

Entering the last week of September, Bitcoin and Ethereum have shown a significant pullback, and market sentiment has once again fallen into a slump. Many investors are beginning to doubt: has the bull run come to an end? In fact, the current adjustment is more likely a buildup for the next round of increase. With October approaching, several key events are expected to reignite the market.

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1. Ethereum Fusaka Major Upgrade: An Important Catalyst for the Fourth Quarter
Ethereum is expected to undergo the Fusaka major upgrade in the fourth quarter, which is significant as it will increase the network processing speed by nearly 20 times, far exceeding the Prague upgrade at the beginning of the year. Looking back in history, the market has always been active before each Ethereum upgrade—before and after the 2023 Shanghai upgrade, the 2024 Cancun upgrade, and the recent Prague upgrade, ETH experienced an increase of over 50%.
In addition, the Ethereum spot ETF is expected to gain approval for staking functionality in mid-October, which will further enhance market confidence and bring substantial Favourable Information for ETH and the entire ecosystem.

2. The Federal Reserve's second interest rate cut: effective on October 30, the market may react in advance.
The market generally expects the Federal Reserve to make a second interest rate cut in the early hours of October 30, with a probability close to 100%. Referring to the trends before and after the September interest rate cut (Bitcoin rose from $107,000 to $117,800), typically, the market will enter a fluctuating upward mode 1–2 weeks before an interest rate cut, until the news is realized and a pullback occurs. The current pullback can be seen as a rare layout window before the interest rate cut. If there is a deep pullback, it may instead be an opportunity to build positions gradually.

3. Multiple types of altcoin spot ETFs are expected to be approved, and Solana may become the main line.
Starting in early October, it is expected that 4-5 spot ETFs for altcoins will be approved one after another, among which SOL, XRP, LTC, and even Dogecoin have a higher likelihood. Currently, ADA has only submitted an application to Grayscale, and its approval probability is relatively low, but if unexpectedly approved, there could be considerable upside potential. Overall, Solana and its ecosystem tokens will become the main beneficiaries of this round of ETF narrative, injecting new liquidity and attention into the market.

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Summary: A pullback is an opportunity, rhythm is greater than direction.
There is no market that only rises without falling; a healthy trend requires corrections to release risks and accumulate momentum. The adjustment at the end of September has precisely created space for a favourable narrative in October. It is recommended to gradually lay out mainstream assets during the correction to avoid blindly chasing highs. The bull run has not ended; it just continues in a different way.