Here’s What Happened The Last Time The Bitcoin Price Closed October In The Red

The crypto group has lengthy referred to October as Uptober, a nickname earned via Bitcoin’s constant historical past of robust month-to-month performances. The pattern has been so dependable that the month grew to become synonymous with value surges. 

Bitcoin has always closed October in profit over the earlier seven years, a document streak unmatched by every other month in its historical past. However, October 2025 seems to be difficult that status. As the month attracts to an finish, Bitcoin is roughly 4% under its month-to-month open, and October might finally end in red territory for the primary time since 2018.

Bitcoin Might Close October In Red

Bitcoin’s value opened October at $114,079, and its sentiment was overwhelmingly bullish at the start of the month, carrying over a optimistic 5% month-to-month shut in September. This bullish sentiment noticed the main cryptocurrency break above $126,000 for the primary time earlier than lastly setting a brand new all-time high of $126,080 on October 6. The transfer strengthened hopes that Uptober would dwell as much as its identify as soon as once more. 

However, the bullish momentum cooled off quickly, with Bitcoin slipping under $120,000 in a short time. By the center of the month, Bitcoin witnessed a flash crash that brought about its value to fall as little as $101,000 in a fast transfer. As it stands, Bitcoin is now consolidating close to $110,000 by late October, and it could actually solely register a month-to-month shut above this stage.

The final time Bitcoin closed October within the pink was in 2018, when it closed at $6,303, which is about 4% under its October open of $6,958. That 12 months was in the course of the top of a chronic bear cycle, when the crypto market was struggling to get well from the huge 2017 rally. Bitcoin’s value had already suffered consecutive down months, and October’s decline was adopted by an much more brutal 36.4% crash in November, the steepest month-to-month loss within the cryptocurrency’s historical past.

Could November Be Different This Time?

The query now’s whether or not Bitcoin may repeat this downtrend in November 2025. If historical past had been to repeat itself, prefer it all the time does within the crypto market, a destructive October shut might precede one other correction in November. However, the reply may not be as easy. 

Unlike in 2018, Bitcoin’s present market construction is supported by a number of bullish fundamentals. Institutional interest through Spot Bitcoin ETFs, alternate outflows, and on-chain knowledge reveals that long-term holders are not selling aggressively. Even as the worth is consolidating round $110,000, volatility is decrease than throughout earlier market tops, and this means a phase of cooling before another breakout. 

Even if the month closes in pink, the general bullish trajectory of Bitcoin is intact. Bitcoin continues to carry its dominance and entice capital inflows. The solely positive manner Bitcoin may finish November 2025 in pink is that if Spot Bitcoin ETFs carry out very poorly all through the month.

At the time of writing, Bitcoin is buying and selling at $109,700.