Bitcoin Breaks ‘Uptober’ Tradition With 5% Drop After a Record Liquidations

• Bitcoin’s first “Uptober” loss since 2018 underscore growing macro uncertainty and leveraged market fragile.
• Despite with short-term weakness, institutional interest and ETF inflows supporting a medium-term rebound if its liquidity stabilizes.

October has often been called “Uptober”in cryptocurrency world. As it is a month of big the rallies and strong Bitcoin gains. From 2019 to up to 2024, Bitcoin rose an averaging of more than 21% each October, helped with trader optimism and seasonal hype. However, in 2025, Bitcoin ended the month down about 5%, settling near $110,000 after first hitting a record high of $126,080.

According to a recent Crypto News Flash (CNF) report, Bitcoin Cash (BCH) reigniting that Uptober energy, with speculate on whether $600 would be its next target. Meanwhile, Adam McCarthy, Kaiko Senior Research Analyst, explained:

Cryptocurrencies came into October tracking gold, tracking stocks near all-time highs, and then as uncertainty hit people for the first time maybe this year, they didn’t rotate back into Bitcoin en masse.

This somewhat explain why Bitcoin’s usual October strength failed — linking the drop to broader market sentiment and investor hesitation. Bitcoin’s 5% October decline followed nearly $19 billion in liquidations, driven by overleveraged long positions, geopolitical shocks (such as Trump’s tariff threats), exchange oracle failures, and a hawkish Fed pausedespite expectations for further rate cuts.

These factors triggering a cascade that erased early Uptober gains, exposing systemic fragility in highly leveraged futures markets. Unlike past cycles fueled by retail hype, this correction purged excess speculation — potentially resetting the stage for a more institutional-led recovery.

For investors, risk may remain capped below $100K; conviction capital wins — avoid FOMO, scale in gradually, and HODL through volatility.

Market Implications for BTC: Reset for “Moonvember”

As market reports indicate, the real test of October’s decline is how it also somehow to shaping in Bitcoin’s next leg. In the short term, the market looks weak but stable, with BTC still holding above historical support levels around $110,000. As Jamie Dimon, CEO of JPMorgan Chase, warned:

There is a heightened risk of a significant correction in the U.S. stock market within the next six months to two years.

Yet, if Bitcoin falls below $100,000, fear could resurface, potentially leading to another 10–15% decline, especially if the Fed maintains its pause or global trade tensions escalate.

As of now, Bitcoin (BTC) is trading as a matter of facts, around $107,247.62, down 2.85% in the past 24 hours and 7.12% over the past week. This therefore, marking the tradition, falling about 5% for the month after a record liquidations.

Subsequently, as the short-term view leans bearish due to high volatility, liquidation pressure, and muted investor rotating into BTC. However, since Bitcoin remains at six-figure levels with some institutional flows still possible. See BTC price chart below.