Bitcoin Ends October in the Red for the First Time Since 2018

For the first time in seven years, Bitcoin has wrapped up an October in the ￰1￱ leading cryptocurrency slipped 3.69% during the month, marking its worst October since 2018, a rare departure from its historically bullish Q4 ￰2￱ in 2018, Bitcoin’s red October was followed by a brutal November crash that saw prices plunge 36%. By year’s end, BTC had fallen nearly 85% from its all-time ￰3￱ this time, the backdrop looks ￰4￱ IN: #Bitcoin officially closed October in the red for the first time in seven ￰5￱ last time October ended in the red, during the 2018 bear market, $BTC plunged -36% in November and was down -85% by year’s ￰6￱ — SwanDesk (@SwanDesk) November 1, 2025 October Ends Weak, But November Hope Builds Bitcoin’s mild October decline came amid mixed macro conditions, rising Treasury yields, ￰7￱ cut uncertainty, and lower on-chain ￰8￱ even as prices softened, long-term holders were quietly accumulating.

Now, with November here, sentiment may be ready to flip. Historically, November has been Bitcoin’s strongest month, with an average gain of 42.5% over the past ￰9￱ that pattern holds, a 42% move from current levels would push BTC near $160,000, a staggering recovery and new record high. It’s no wonder that, despite the short-term red candle, optimism is building again among traders and ￰10￱ Bought $5.7 Billion in October Behind the scenes, whales, large holders controlling between 10 and 10,000 BTC, have been buying ￰11￱ to Santiment, these wallets added roughly $5.7 billion worth of Bitcoin in October ￰12￱ now hold 13.68 million BTC, representing about 68.6% of total ￰13￱ wave of accumulation signals that deep-pocketed investors are positioning ahead of what many expect to be Bitcoin’s next major ￰14￱ ended in the red with Bitcoin down 3.69% – its worst October since ￰15￱ November is finally here.

Historically, November's been Bitcoin's strongest month, averaging a 42.5% ￰16￱ context, a 42% move from here would put BTC around $160,000. With sentiment so… ￰17￱ — Lark Davis (@TheCryptoLark) November 1, 2025 “Smart money isn’t waiting for confirmation,” one analyst noted. “They’re front-running the next leg up.” Short-Term Pain, Long-Term Conviction Despite the recent red candle, market structure remains largely ￰18￱ has consolidated around the $95,000 range after hitting record highs earlier in the ￰19￱ sentiment, however, has ￰20￱ data shows engagement and mentions for BTC trending lower, a setup that often precedes major ￰21￱ whale data supports that ￰22￱ entities were net accumulators before Bitcoin’s last breakout, stacking over 110,000 BTC between August 22 and October 12, before trimming around 23,200 BTC ￰23￱ with that minor sell-off, their overall holdings remain near record highs, a sign of ￰24￱ This October Was Different In past years, October earned the nickname “Uptober” for its tendency to deliver strong returns. 2020 and 2021 saw Bitcoin climb double digits each time, driven by liquidity inflows and ETF ￰25￱ year, however, global uncertainty weighed on risk ￰26￱ ￰27￱ strengthened, and spot ETF flows slowed as institutional investors paused new allocations.

Meanwhile, Bitcoin’s volatility fell to multi-month lows, a sign of compression that often precedes explosive ￰28￱ combination of reduced retail euphoria and quiet whale accumulation has set the stage for a potential rebound as liquidity rotates back into crypto. November’s Bullish History If there’s one month Bitcoin bulls love, it’s ￰29￱ the past 11 years, BTC has finished November in the green eight times, averaging 42.5% ￰30￱ performance includes legendary rallies, like November 2020, when Bitcoin surged 43% to break past $19,000, and November 2013, when it soared 450% in a single ￰31￱ in bearish years, November tends to bring ￰32￱ 2022, BTC still managed a modest rebound after the FTX ￰33￱ this track record, traders see the latest dip less as a breakdown and more as a setup for what could be another historic ￰34￱ Sentiment: Fear or Opportunity?

According to Santiment’s social sentiment data, discussions around Bitcoin have cooled, while altcoin chatter has increased. Historically, this rotation occurs when retail traders lose focus, often right before BTC reclaims ￰35￱ Fear & Greed Index has also drifted toward “neutral” after months in “greed” territory, suggesting a potential bottoming of short-term ￰36￱ to Watch in November The next few weeks could prove ￰37￱ are watching three main catalysts: ￰38￱ flows – Any uptick in spot Bitcoin ETF inflows could spark renewed institutional ￰39￱ data – Inflation and rate expectations continue to influence Bitcoin’s correlation with equities. 3.

On-chain accumulation – Sustained whale and long-term holder buying could confirm a market ￰40￱ stakeholders with 10-10K $BTC hold 13.68M $BTC , totaling 68.62% of all ￰41￱ into the last all-time high, they accumulated ~110,010 coins between Aug. 22 and Oct. 12. However, they have dumped ~23,200 coins ￰42￱ them here: ￰0￱ ￰43￱ — Santiment (@santimentfeed) October 31, 2025 Zooming out, this October red candle may be more psychological than ￰44￱ remains one of the best-performing assets of 2025, up over 90% year-to-date, despite short-term ￰45￱ long-term fundamentals haven’t changed: limited supply, increasing institutional participation, and a growing on-chain ￰46￱ while 2025’s “Uptober” didn’t go according to script, “Movember” might just live up to the hype.

Bitcoin’s first red October since 2018 is a reminder that bull markets don’t move in straight ￰47￱ history, and on-chain data, suggest the pause may be ￰48￱ whales adding billions, volatility at record lows, and November’s historical tailwinds, the setup for the next leg higher looks ￰49￱ the saying goes: “Weak hands panic in red ￰50￱ hands buy them.” And right now, the strong hands seem very busy. Disclosure: This is not trading or investment ￰51￱ do your research before buying any cryptocurrency or investing in any ￰52￱ us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news !