Bitcoin Closes October With Losses, Ending 7-Year "Uptober" Run
Bitcoin (BTC) finished October 2025 down by 5.5%, marking its first negative October since 2018 and breaking a seven-year streak of positive Octobers known as "Uptober," as reported by
a crypto.news report
. The decline was attributed to increased global economic uncertainty, significant ETF withdrawals, and ongoing geopolitical issues, especially those involving U.S.-China trade relations. On October 31,
BTC
was valued at $110,155, a drop from $122,870 at the beginning of the month, according to the report. The downward trend intensified after a dormant wallet from the Satoshi era containing $16 million in BTC became active in late October, suggesting some investors were taking profits, the report noted.
Several factors contributed to the downturn. Bitget's COO, Vugar Usi Zade, pointed to over $550 million in ETF outflows for
Bitcoin
and
Ethereum
in late October, citing uncertainty over Federal Reserve decisions and inflation figures, as referenced in the earlier report. TeraHash analysts observed that Bitcoin's extended rally has led to "structural maturity," with price growth slowing as more institutional investors enter the market. "Comparing the October 2023 to March 2024 rally with the latest surge reveals a weaker trend, indicating shifting market conditions," they commented.
The relationship between the U.S. and China was also a key factor. On October 10, President Donald Trump’s threat to impose 100% tariffs on Chinese goods triggered a record $19 billion liquidation in crypto markets, pushing Bitcoin down to $104,000 by October 17, according to
a Cointelegraph report
. However, optimism returned after early signs of a trade agreement surfaced before Trump’s meeting with Chinese President Xi Jinping. Crypto derivatives platform Deribit reported that the bias toward protective put options had lessened, and Bitcoin recovered to $114,000 by October 31, as stated in
a Yahoo Finance report
.
Trade tensions eased further when Trump announced a reduced 47% tariff on Chinese imports following his meeting with Xi, according to
a Sentinel Assam report
. Alongside a 25-basis-point rate cut by the Federal Reserve, this boosted risk assets. The CME Group’s FedWatch tool now indicates a 96.7% probability of further monetary easing, as reported by
a Coinotag article
. Despite the recovery, Bitcoin is still 13% below its October 6 record high of $126,198, according to crypto.news.
Market experts are split on what November may bring. As per
a LiveBitcoinNews report
, historical trends show November is typically Bitcoin’s best month, with average gains of 46% since 2013. Still, some warn that a weak October could dampen returns, with three-month gains averaging 11% after a poor October compared to 21% following strong ones, the report said. Financial analyst Timothy Peterson noted there’s no direct link between October’s results and the following months, but weaker Octobers tend to be followed by slower momentum.
The negative October also points to a maturing market. TeraHash analysts suggested that Bitcoin’s slower price increases may help cushion against sharp drops, echoing previous remarks. Meanwhile, institutional moves—such as JPMorgan’s plans to offer Bitcoin-backed loans—indicate ongoing long-term support, according to the Coinotag article.
As November progresses, traders will keep a close eye on the Federal Reserve’s policy direction, developments in U.S.-China trade, and ETF investment flows. For now, Bitcoin’s recent performance highlights its increasing sensitivity to global economic trends, reflecting its evolution into a mainstream financial asset.
