Bitcoin's Uptober Streak Ends, Altcoins Show Mixed Results
Bitcoin concluded October with a decline, breaking its six-year 'Uptober' streak. Meanwhile, BNB managed a gain, highlighting resilience amidst market volatility.
Market Turbulence and Tariff Tensions
The market shock occurred on October 10 when former President Donald Trump proposed new tariffs on China, leading to a broad risk-off sentiment. Bitcoin's value dropped from the low $120,000s to around $105,000, with altcoins experiencing sharper declines due to thin liquidity and high leverage. Derivatives platforms auto-liquidated billions in positions, erasing over half a trillion dollars in market value before a partial recovery.
Bitcoin's Red October
CoinDesk Data reported Bitcoin finishing October in negative territory, ending the 'Uptober' streak. CoinGlass's Bitcoin Monthly Returns heat map shows October 2025 as the first red October since 2018, breaking a green streak from 2019 to 2024. This shift reminds traders that seasonal trends are tendencies, not guarantees.
The month was consistent across TradingView charts. Bitcoin began strong, hit turbulence mid-month, and failed to reclaim early peaks. Ether followed a similar pattern, and Solana and XRP mirrored these movements. Late-month rebounds failed to turn resistance into support, resulting in red monthly candles for these assets.
Altcoin Performance
BNB diverged from the trend, recovering from mid-month declines to close October up 4.2%, leaving a green mark as others faltered. Other altcoins like ZEC, XMR, and WBTC also ended higher, indicating pockets of strength beneath the surface.
The 'Uptober' nickname reflects Bitcoin's historical tendency to gain in October, supported by CoinGlass's green grid from 2019 to 2024. This year's red mark shifts focus back to market confirmations over calendar-based assumptions.
Different dashboards can show varying results. CoinGlass focuses on calendar-month, close-to-close data, while rolling 30-day trackers often include early-October highs, potentially displaying a sharper decline. The direction remains consistent, but measurement windows affect the magnitude.