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Bitcoin prices plunged 4% in October, breaking the seven-year ‘Uptober’ streak as ETF outflows, profit-taking and macro tremors weighed on the market.
An analysis by Fortune found that this was Bitcoin’s fourth-worst October performance since 2013 and the worst in the past seven years. This left BTC lagging the S&P 500 stock index, which rose 2.3%.
The sell-off came as more than $550 million flowed out of the major Bitcoin and Ethereum ETFs late in the month, with analysts saying profit-taking also played a role as Bitcoin treasury firms, including Michael Saylor’s Strategy, also slowed their BTC purchases.
We just experienced the first Red October in 7 years!
We also had a historic liquidation in October!
UPTOBER was fraud, but MOONVEMBER??
imho;
if you can, DCA more!
If you can’t do that, DO NOT panic and sell your bags cheap!
If you’re out of $$ and you’re sure of your port,… pic.twitter.com/LH7aYTwQeY
— Blockchain bob (@blockchainbob) October 31, 2025
Even a year-long trade truce between US President Donald Trump and China’s Xi Jinping last week wasn’t enough to get Bitcoin back into the green this month.
Trump’s announcement on October 10 that he would impose an additional 100% tariff on Chinese exports had led to more than $19 billion in liquidations within 24 hours, the largest ever in the crypto market.
One reason why sentiment remained gloomy after the US-China trade truce was a comment this week from Fed Chairman Jerome Powell that another rate cut in December is far from certain.
$BTC Silence is the signal
Price moves less, conviction moves more.
Stock market supply is hitting a cycle low as long-term bondholders quietly tighten their grip on liquidity dilution.
ETFs remain popular without headlines, mining problems are rising and volatility is decreasing.
This is not… pic.twitter.com/7ylx3uoCW7
— Senior 🛡🦇🔊 (@SeniorDeFi) October 31, 2025
Bitcoin on-chain signals show resilience
Despite the drop in coin price, on-chain data points to continued strength in the Bitcoin network. Stock exchange reserves of Bitcoin hit a low in October, dropping by more than 200,000 BTC in just one month. This means fewer coins are held on exchanges where they can be easily sold.
A sign that investors are moving coins into their wallets and possibly planning to hold them for the long term
The supply of BTC on trading platforms is shrinking, making the coin scarcer and potentially paving the way for a future rally. This pattern of pullback is similar to what happened before Bitcoin’s big run-up in 2020 and reflects a strong belief in Bitcoin’s long-term value.
Institutional accumulation is still happening, even with ETF outflows, as some major players put coins into private custody. Bitcoin’s network activity, including active addresses And transaction counts has remained solid and shows that people are using the network, even during a month of price drops
Bitcoin price prediction
Looking at the weekly price chart, Bitcoin is currently trading at $109,496.77after pulling back from the October high but remaining well above key support levels. The price is above the 50-week simple moving average (SMA) at $102,843.54, while the long-term 200-week SMA is much lower at $54,756.36.
These SMA levels act as strong support for the Bitcoin price and help limit further losses The chart shows Bitcoin moving within an uptrend channel, with resistance near $125,761 and support down near $102,843. The uptrend remains in play as long as the price remains above the lower support line and the major moving averages
Technical indicators point to a lull in bullish momentum: the Relative Strength Index (RSI) is at 50.32, right in the middle, suggesting that neither buyers nor sellers are clearly in control and that the market is consolidating.
BTCUSD analysis source: Tradingview
The Average Directional Index (ADX) stands at 17.81, indicating that the current trend is weak and new momentum is needed to start a new rally. If buyers return and break the resistance at $125,761, Bitcoin could attempt to recapture its highs. However, if the price falls below the 50-week SMA ($102,843), further selling could push it towards the next major support at $54,756.
The MACD (Moving Average Convergence Divergence) indicator remains in neutral territory, indicating a sideways move for now. Low trading volume and a lack of strong momentum mean Bitcoin could trade within a tight range in the coming weeks
If the coin price bounces back from the $102,843 support, another attempt at resistance at $125,761 could bring in more buyers. But a break below support could see Bitcoin test deeper levels before the bulls intervene again.
In November, much will depend on global financial trends and whether new institutional money returns to the market. If macro risks subside and ETF flows turn positive again, the coin price could resume its rise and prepare for another rally.
However, the price may consolidate, with bulls and bears waiting for the next big move. Traders should watch for support at $102,843 and resistance at $125,761 as breaks above these levels could indicate the next direction for Bitcoin’s price.
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