Despite all optimistic predictions regarding Uptober, it seems that in 2025, Bitcoin is closing the month in the red. However, it's worth noting that on October 31st - a day that marks the Bitcoin Wallpaper release 17th anniversary - the digital asset recorded an upward trajectory shift, reclaiming $110,000 from earlier dips to $106,000 levels, signaling optimism for the next month.
Here's a short review of October and a few reasons to stay bullish for the end of 2025 and beyond.
Bitcoin Closes October 2025 in the Red
At the moment of writing this article, BTC is trading above $110,000, after dropping to $106,000 earlier.
However, despite the crypto industry's optimism throughout the month, BTC is closing October in the red, down by more than 3.5% for the month.
This is the first year in which BTC is closing October in the red since 2018, when the digital asset closed the month down by over 3.8%.
Since 2013, BTC finished October in the red in three years only: 2025, 2018, and 2014, when it closed the month down by almost 13%.
The biggest gains for the month were recorded by BTC in 2013, above 60%, followed by almost 48% in 2016, and almost 40% in 2021, according to data from CoinGlass.
In 2024, BTC saw over 10% returns in October, and more than 28% returns in the same month in 2023. In 2020, when the COVID-19 recession hit the US and the rest of the world, BTC finished October in the green with over 27% returns.
Notable Events of the Month
In terms of Bitcoin and the crypto industry, there were a few key events recorded this month:
- The US government shut down on October 1st, creating uncertainty about the future.
- Bitcoin hit a new ATH above $126,000 on October 6.
- The crypto markets saw their biggest downfall in history with over $19 billion in liquidations between October 10-11.
- Binance's founder, CZ, was pardoned by Trump on October 21st.
The massive liquidation event in the crypto markets led to high FUD in the industry, especially against Binance. Industry players were accusing each other, trust in exchanges diminished, and the overall ecosystem's apparent unity has been broken.
What should have been a great month for crypto turned into a Red October, a month in which the industry saw great losses, while being attacked from the outside and inside as well.
Trump's pardon for one of the biggest industry supporters, Changpeng Zhao, the founder of Binance, the biggest crypto exchange in the world, was not able to bring the bulls back, despite the fact that this event was extremely important for the entire ecosystem, marking the end of an era of persecution for crypto.
The good news for the industry continued, bringing the long-awaited Fed rate cuts, Powell's announcement about the upcoming QE in December, and better trade relations between China and the US. Still, none of these was enough to push the markets significantly higher.
However, not all hope is lost, and while some players consider capitulation, the ecosystem should acknowledge the high potential that the future holds.
Why Remain Optimistic and Not Give Up on Bitcoin and Crypto
Bitcoin's upward trajectory reversal on October 31st mirrors renewed optimism. This is an important day for Bitcoiners and the entire crypto industry.
Bitcoin Whitepaper Release 17th Anniversary
On October 31st, 2008, Bitcoin's anonymous creator, Satoshi Nakamoto, released the Bitcoin Whitepaper called: "Bitcoin: A Peer-to-Peer Electronic Cash System" - a work that was going to change the world for the better, despite few understanding its utility back then.
Maybe if the industry regains trust in what Bitcoin means and learns to hodl instead of panic-selling or using excessive leverage, the digital asset can continue its upward trajectory, and we can all enjoy a well-deserved Moonvember with potential new ATHs for BTC.
Moonvember - Still on the Table
Since 2013, Bitcoin has recorded gains in November in 8 years, with the biggest monthly gains in 2013 - over 449%, followed by 2017 with over 53% and 2020 with almost 43%.
Bitcoin and Crypto Are Winning
Bitcoin is the leader of a global revolution, and despite all volatilty and FUD, the industry will continue on its path to build and make the world better.
Apart from historical data, there are other reasons to remain optimistic in November and beyond:
- Over $2.1 billion in crypto will be
unlocked this month, including SUI, ASTER, PUMP, ENA, and others.
- Various crypto events, including conferences and summits, are
scheduled for November and beyond globally.
- Multiple crypto ETFs will go live. signaling continued institutional interest.
- The AI revolution continues globally with tech stocks surging.
- Bitcoin and crypto adoption continue worldwide.
- The Bitcoin and crypto industry welcomed important TradFi players such as BlackRock and others.
- Governments will continue to print money, which means more capital flowing into the BTC and crypto ecosystem.
- QT ends in the US on December 1st, as highlighted by the Fed, allowing more capital flows into BTC and crypto.
The world is witnessing one of the biggest wealth transfers in history, while a new financial architecture is being created. While the world's governments continue to print fiat money, backed by no real value, important names and institutions have understood the incomparable value of scarcity, best envisioned by Bitcoin.
Scarcity is the only sovereign fund when governments print infinite amounts of money.
This is the main reason why BlackRock holds over 779,000 BTC worth over $85,7 billion, and Michael Saylor's Strategy is currently
holding 640,808 BTC worth over $70,4 billion.
In terms of countries, the US holds 198,012 BTC worth over $21,7 billion, China holds 194,000 BTC worth over $21,3 billion.
Other countries like the UK, Ukraine, Bhutan, and El Salvador are also holding BTC.
Continuous global adoption, rising institutional interest, and never-ending building in the industry, even during volatilty and FUD, together with the unlimited fiat printing, rising global debt, are pointing to the fact that, despite lack of confidence from some, Bitcoin is still poised to win and take the entire crypto market to the moon.
