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Bitcoin May End October in Red for First Time Since 2018
- Bitcoin has consistently recorded price increases in October for the past seven years, earning the month the nickname "Uptober."
- In October 2025, Bitcoin opened at $114,079 but is currently trading around $109,700, roughly 4% below its monthly opening price.
- The cryptocurrency reached a new all-time high of $126,080 on October 6 but quickly fell below $120,000 and experienced a flash crash to $101,000 mid-month.
- This could be the first time since 2018 that Bitcoin ends October in red.
Market Outlook
- November 2025 may not necessarily follow the same downtrend as 2018 due to strong market fundamentals.
- Institutional interest via Spot Bitcoin ETFs and low volatility indicate potential for another breakout.
- Long-term holders are not selling aggressively, suggesting confidence in Bitcoin's bullish trajectory.
- Bitcoin's dominance in the market remains strong, with consistent capital inflows.
