Bitcoin's Bullish October Is Headed to Be Its Worst in 10 Years

Bitcoin is facing its worst October since 2015, experiencing a 5% decline month-to-date, with trading around $107,000. Historically, October averages a gain of 19.8%, while November is even stronger at 42%. Factors like the U.S.–China tariff standoff, weak liquidity, and leveraged washouts have overshadowed the usual October recovery trends. The recent decline has triggered $1.2 billion in liquidations, impacting not just Bitcoin, but also other cryptocurrencies like Ethereum and Solana. Closing October in the red isn't common for Bitcoin, having occurred only in 2014 and 2018. Nevertheless, there's potential for a late-month recovery, similar to past Octobers when Bitcoin managed a significant rally. With two weeks remaining, the month's performance remains uncertain, with traders hopeful for a rebound despite current market conditions.

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