Bitcoin News Today: Bitcoin's 7-Year Uptober Streak Ends: Correction or Crisis for Crypto?

Bitcoin's 7-year streak of positive October performance, known as "Uptober," collapsed in October 2025 as the cryptocurrency fell roughly 10% from its all-time high near $126,300 to around $110,000 by month-end. This marked the first October decline since 2018 and ended a run spanning 2019–2024, according to Coinpedia. The drop was driven by profit-taking, macroeconomic uncertainty, and a sharp selloff triggered by President Donald Trump's threats of steep tariffs on China, which sparked a broad risk-off move across markets, reported by CoinDesk.

The selloff spilled into broader crypto markets, with over $470 million in liquidations reported in a single 24-hour period, according to TradingView. Major coins like Ethereum (ETH), Solana (SOL), and XRP plummeted, with XRP hitting a low of $2.44—its lowest since October 24 and 35% below its 2025 peak, as covered by Crypto.News.

The decline coincided with a sharp drop in U.S. bank reserves, which fell to a four-year low of $2.8 trillion, raising concerns about liquidity scarcity. Analysts attributed the reserve decline to the Federal Reserve's quantitative tightening program and increased Treasury debt issuance, which drained cash from the banking system. The Fed's balance sheet has shrunk by over $1.5 trillion since 2022, exacerbating funding pressures, per the Economic Times.

While Bitcoin remains up over 16% year-to-date, experts view the October correction as a healthy adjustment. "November has historically been a strong month for Bitcoin, averaging over 40% returns in the past decade," said Emir Ebrahim of ZeroCap to CoinDesk's Daybook. However, technical analysts warn of further declines, noting patterns like a "megaphone" formation on Bitcoin's chart and a "death cross" for XRP, signaling prolonged bearish momentum, as noted by Crypto.News.

The selloff also highlighted vulnerabilities in leveraged positions. A single-hour price drop in XRP triggered a $412,000 liquidation imbalance, with long positions accounting for nearly all losses. "Overleveraged traders were caught off guard by the rapid move," said a CoinGlass analyst, according to Phemex.

Coinbase's Q3 profit surged to $1.05 billion amid rising trading volumes, yet spot Bitcoin ETFs saw massive outflows, with BlackRock, ARK Invest, and Fidelity pulling $1.15 billion in a week, according to a TradingView report. Institutional caution reflects broader macroeconomic anxiety, as traders await U.S. jobs data and Federal Reserve policy cues, a dynamic that earlier TradingView coverage also highlighted.

Despite the turmoil, some analysts remain bullish. "The dip is a buying opportunity for long-term holders," said Peter Brandt, a veteran technical analyst, though he warned that Bitcoin must reclaim $112,000 to stabilize the market, a caution previously shared in CoinDesk's Daybook.