Bitcoin Market Outlook: October 2025 Accumulation Hints at Historic Bottom

The Bitcoin (BTC) price fell below $105,000 in October 2025, triggering bearish sentiment reminiscent of past capitulation phases. However, veteran analysts suggest this downturn is setting the stage for a major rebound, drawing parallels to late 2020 when a similar dip preceded a 170% surge. On-chain data from Glassnode confirms strong net accumulation among smaller holders (1–1,000 BTC) despite the price slide, indicating renewed retail conviction while large holders have slowed distribution. Furthermore, the MVRV Z-Score sits near 2.15, a historically recognized accumulation zone, far from market euphoria. Key technical support is identified between $106,000–$107,000; holding this range keeps the market structure bullish, though a drop could lead to a $100,000 retest. While some macro voices caution that Bitcoin might face a secular bear market alongside traditional equities, others maintain the 'digital gold' narrative will eventually decouple BTC. Cycle analysts suggest the current bull market is approaching a potential peak around November or December 2025, positioning the current lull as a crucial inflection point driven by conviction from smaller buyers.

(Source：BeInCrypto)