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Bitcoin News Update: Seven-Year Uptober Run Concludes Amid Dominance of Global Economic and Political Factors

Bitcoin News Update: Seven-Year Uptober Run Concludes Amid Dominance of Global Economic and Political Factors

Bitget-RWA2025/11/03 04:52
By:Bitget-RWA

- Bitcoin's seven-year "Uptober" rally collapsed in October 2025, dropping 10% below $110,000 amid profit-taking and macroeconomic risks. - Trump's China tariff threats triggered a $15,000+ selloff, wiping $500B in crypto value and exposing leveraged position vulnerabilities. - Miner profitability stabilization near $115,000 offers potential support, but below $110,000 risks renewed capitulation amid ETF and liquidity shifts. - The market now prioritizes fundamentals over seasonality, with BNB's 4.2% gain

Bitcoin’s seven-year “Uptober” winning streak has come to an end, signaling a significant change in the crypto landscape as bearish sentiment grows stronger. The cryptocurrency dropped about 10% in October 2025, finishing the month below $110,000 after reaching an all-time high of $126,300 earlier,

. This reversal, fueled by profit-taking, global economic instability, and signals from the Federal Reserve, broke a pattern of October gains that had persisted since 2019, . Despite this setback, is still up more than 16% for the year, with experts describing the pullback as a healthy correction rather than the start of a prolonged downturn, Coinpedia adds.

The market’s vulnerability was highlighted by a rapid selloff on October 10–11, sparked by President Donald Trump’s threats of significant new tariffs on China amid rare-earth disputes. This triggered a widespread risk-off reaction, causing Bitcoin to tumble from the low $120,000s to nearly $105,000 in a swift decline. Derivatives exchanges saw tens of billions in liquidations, and the total crypto market lost over $500 billion in value before a tentative recovery established a support level, CoinDesk noted. The incident exposed the risks of high leverage and limited liquidity, especially in alternative coins like

and , which experienced even steeper drops.

Bitcoin News Update: Seven-Year Uptober Run Concludes Amid Dominance of Global Economic and Political Factors image 0

At the same time, miner operations have steadied, potentially setting the stage for a rebound. Bitcoin’s price has been consolidating around $115,000, coinciding with better miner profitability and improved hashprice figures, which have eased the forced selling that followed the halving,

. Analysts point out that if Bitcoin can maintain levels above $118,000–$120,000, it could break out toward $125,000–$130,000, driven by increased on-chain activity and greater Layer-2 adoption, the report continues. Conversely, falling below $110,000 could lead to renewed miner capitulation and macro-driven sell pressure, as global liquidity trends and ETF inflows remain crucial factors.

This October’s downturn has altered seasonal expectations for the digital asset market. The “Uptober” trend, which had been a reliable pattern since 2019, now seems less predictable, with traders recognizing that broader market forces, rather than seasonal trends, are the main drivers, CoinDesk observed. Binance’s native asset,

, defied the broader decline by gaining 4.2% during the month, illustrating the varied performance among leading cryptocurrencies.

Although the short-term outlook is cautious, there is still long-term confidence. Bitcoin’s gains so far this year and the improving economics for miners point to underlying strength, but investors must remain alert to macroeconomic changes and geopolitical tensions that could quickly increase volatility, Coinpedia concludes.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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