Bitcoin closed October decrease, snapping its six-year “Uptober” streak whereas BNB eked out a acquire as a mid-month jolt left most majors caught under early highs.
The shock landed Oct. 10, when President Donald Trump threatened steep new tariffs on China amid rare-earth tensions, touching off a broad risk-off transfer.
Bitcoin slid from roughly the low $120,000s towards about $105,000 in quick commerce, and altcoins fell more durable as skinny liquidity met heavy leverage. Over Oct. 10–11, derivatives venues auto-liquidated an estimated tens of billions of {dollars} in positions and greater than half a trillion {dollars} in market worth evaporated earlier than a shaky rebound set a flooring. It was a macro headline colliding with crowded positioning, not a crypto-specific catalyst.
By month’s finish, CoinDesk Information confirmed bitcoin ending October within the crimson, the result that breaks what merchants name “Uptober.”
On CoinGlass’s Bitcoin Month-to-month Returns heat-map, October 2025 is the primary crimson October since 2018 and ends a inexperienced run that stretched from 2019 via 2024. That lore issues as a result of the sample persevered throughout very totally different regimes — late-cycle surges and post-sell-off recoveries alike — so a miss in 2025 resets expectations and reminds merchants that seasonality is a bent, not a promise.
The month’s form was remarkably constant throughout one-month TradingView charts.
Bitcoin began agency, suffered the synchronized Oct. 10–11 air pocket, then spent the again half of the month climbing with out retaking its early peak. Ether traced the identical flush-base-fade arc and stalled beneath the round-number band it examined within the first week. Solana and XRP echoed that rhythm with a sequence of decrease highs into the ultimate periods. In sensible phrases, late rebounds didn’t flip resistance into help, which is why the month-to-month candles printed crimson for these 4.
BNB broke ranks. It absorbed the mid-month downdraft, carved larger lows via the ultimate third, and closed October larger — about 4.2% — leaving a inexperienced print whereas friends slipped. Outdoors the highest 10, a number of names additionally completed October up on the screens monitored right here, together with ZEC, XMR, and WBTC, underscoring that pockets of power persevered beneath the floor at the same time as leaders cooled.
Why the “Uptober” model caught is easy. It’s a neighborhood nickname born from bitcoin’s tendency to publish features in October over the previous decade, bolstered by that CoinGlass grid exhibiting each October from 2019 via 2024 within the inexperienced. Flipping the cell to crimson this 12 months doesn’t erase the historic tilt, but it surely does nudge danger administration again to tape affirmation quite than calendar confidence.
The numbers that totally different dashboards present can diverge for mundane causes. CoinGlass presents calendar-month, close-to-close outcomes that isolate October. Rolling 30-day readings on main trackers replace constantly and sometimes embrace early-October highs, to allow them to present a steeper decline into Nov. 1 even when the strict calendar month seems to be milder. The path is identical; the measurement window drives the magnitude.
