Bitcoin (BTC) Price News: Bullish October Is Headed to Become its Worst in 10 Years
Despite October's historical reputation as "Uptober," Bitcoin is currently on track for its worst monthly performance since 2015.Summary
Historically, October is known as "Uptober" for Bitcoin rallies, with an average gain of about 19.8%, second only to November's 42%. However, this year, Bitcoin is down 5% month-to-date, trading near $107,000, suggesting it could be the worst October since 2015. This poor performance is attributed to macroeconomic risks like the U.S.-China tariff standoff, weak liquidity, and leveraged liquidations, which have suppressed upside momentum. The recent slide below $107,000 caused $1.2 billion in liquidations across the crypto market, heavily impacting long positions. While October downturns are rare—only occurring in 2014 and 2018 in the last twelve years—there are still two weeks left for a potential reversal, though the current trend is testing the month's bullish nickname.
(Source：CoinDesk)