Bitcoin Seeing Red October But Uptober Bullposting Is Back

Bitcoin costs are within the purple up to now this month, which is a uncommon prevalence when in comparison with historic Octobers. 

Bitcoin is down 2% up to now this month, which doesn’t sound like a lot at first look. Nevertheless, it has solely seen losses in two of the previous Octobers since 2013. The primary was in 2014 when it shed 13% and the second got here in 2018 when it misplaced 3.8%. Each had been bear market years. August has traditionally been the worst month for Bitcoin, whereas October and February have been one of the best.

That is the third time within the final six years that BTC has been negative midway by means of October, noticed business analyst Joe Consorti. All six occasions, it ended up inexperienced by October thirty first, he stated earlier than including, “There’s some hopium for you.”

That is the third time that BTC has been unfavorable midway by means of October within the final 6 years.

All 6 occasions, it ended up inexperienced by October thirty first.

There’s some hopium for you. https://t.co/VAWOeI5gR1 pic.twitter.com/vHovd6SM69

— Joe Consorti ⚡️ (@JoeConsorti) October 15, 2025

Crimson October Deepens

BTC tanked to an intraday low of $110,500 on Wednesday earlier than recovering to commerce across the $111,000 on Thursday morning. The asset has now fallen 12% from its all-time excessive and is down 9% over the previous seven days as October losses mount this week.

Chart professional “Bach” said that there have been nonetheless no cautionary alerts on the “Boombust framework,” which suggests “we haven’t reached that parabolic stage.” The final bullish sign got here in April 2025 when markets began recovering from the massive stoop. “Nonetheless see $150,000 by year-end as an affordable goal,” he stated.

In the meantime, crypto litigator Joe Carlasare predicted that the cycle would lengthen into subsequent 12 months.

“This narrative about 4 4-year cycle/This fall/Uptober prompted extreme lengthy positioning, and the market nearly by no means lets everybody win. Have to burn by means of that extra, frustrate the bulls, after which transfer increased all through 2026.”

Analyst ‘Tracer’ additionally identified that earlier bull markets have seen huge dumps earlier than issues took off, suggesting that extra ache was to come back.

You may additionally like:

October 2017 = DUMP
October 2021 = DUMP
October 2025 = DUMP

Identical setup. Identical construction. Identical chart.

Don’t say I didn’t warn you… pic.twitter.com/eFQhkY7bkR

— ᴛʀᴀᴄᴇʀ (@DeFiTracer) October 15, 2025

Why The Pessimism?

Crypto dealer ‘Mr. Anderson’ questioned why sentiment had turned bearish lately.

“You’ve bought a three-year staircase up. You’ve bought value up ~115% since final September, including over $1 trillion in market cap. And the timeline nonetheless seems like a funeral.”

Bitcoin has closed above $100,000 for over 160 straight days, he stated earlier than including that it “positive appears like structural acceptance.” “Time will inform, but when increased ranges are coming, this vary is the launchpad,” he concluded.