Here’s What Happened The Last Time The Bitcoin Price Closed October In The Red
The crypto community has long referred to October as Uptober, a nickname earned through Bitcoin’s consistent history of strong monthly performances. The trend has been so reliable that the month became synonymous with price surges.
Bitcoin over the previous seven years, a record streak unmatched by any other month in its history. However, October 2025 appears to be challenging that reputation. As the month draws to an end, Bitcoin is roughly 4% below its monthly open, and for the first time since 2018.
Bitcoin Might Close October In Red
Bitcoin’s price opened October at $114,079, and its sentiment was overwhelmingly bullish at the beginning of the month, carrying over a positive 5% monthly close in September. This bullish sentiment saw the leading cryptocurrency for the first time before finally setting a new all-time high of $126,080 on October 6. The move strengthened hopes that Uptober would live up to its name once again.
However, the bullish momentum cooled off rapidly, with Bitcoin slipping below $120,000 very quickly. By the middle of the month, Bitcoin that caused its price to fall as low as $101,000 in a quick move. As it stands, Bitcoin is now consolidating near $110,000 by late October, and it can only register a monthly close above this level.
The last time Bitcoin closed October in the red was in 2018, when it closed at $6,303, which is about 4% below its October open of $6,958. That year was during the height of a prolonged bear cycle, when the crypto market was struggling to recover from the massive 2017 rally. Bitcoin’s price had already suffered consecutive down months, and October’s decline was followed by an even more brutal 36.4% crash in November, the steepest monthly loss in the cryptocurrency’s history.
Could November Be Different This Time?
The question now is whether Bitcoin might repeat this downtrend in November 2025. If history were to repeat itself, like it always does in the crypto market, a negative October close could precede another correction in November. However, the answer might not be as straightforward.
Unlike in 2018, Bitcoin’s current market structure is supported by several bullish fundamentals. , exchange outflows, and on-chain data shows that long-term holders Even as the price is consolidating around $110,000, volatility is lower than during previous market tops, and this indicates a
Even if the month closes in red, the overall . Bitcoin continues to hold its dominance and attract capital inflows. The only sure way Bitcoin might end November 2025 in red is if Spot Bitcoin ETFs perform very poorly throughout the month.
At the time of writing, Bitcoin is trading at $109,700.
