This year, the traditional “Uptober” failed to materialize, as the price of Bitcoin (BTC) fell 3.69% at the end of the month. A look back at this disappointment, which marks the worst October since 2014.
Bitcoin (BTC) Falls 3.69% in October
Traditionally, the Bitcoin (BTC) price tends to be in the green in October, which has led to the widespread use of the famous term “Uptober.” While this is generally true, it is by no means an immutable rule, and this has been demonstrated for the third time in 2025.
And for good reason: while the month got off to a strong start—notably with an all-time high (ATH) above $126,000 on October 6—the monthly close was marked by a 3.69% decline, making this BTC’s worst performance for the month of October since 2014:
Monthly closing prices for BTC in October
This perfectly illustrates the adage that “past performance is no guarantee of future results.” Nevertheless, this monthly decline should be viewed in context.
First of all, this performance is far from catastrophic. Moreover, it comes amid a 565% rally that has been ongoing since January 2023:
BTC price (weekly data)
As a result, corrective phases are inevitable, and while we cannot predict when they will occur, we do know that sooner or later a crash will happen, marking the beginning of a bear market.
More specifically, it’s worth noting that BTC—and with it, most of the crypto ecosystem—experienced turbulence in October amid renewed tensions between China and the United States, as Donald Trump brought the issue of tariffs back to the table.
A dramatic crash occurred on October 10, but the markets appear to have calmed down now that an agreement has been reached between the two global powers.
Now that November has begun, we’ll see how BTC performs over the coming weeks, as this month historically sees the highest average gain, at 42.51%. Once again, however, it’s important not to get bogged down in past patterns and to keep in mind that “the market is always right.”
Meanwhile, the price of a bitcoin stands at $110,250 at the time of writing, up 0.35% over the past 24 hours.
