Bitcoin News Today: Geopolitical Tensions Derail Bitcoin's 'Uptober' as $100K Support Tests Bull Market Resilience

Bitcoin's price has plunged below $113,000 in early October 2025, triggering urgent warnings from analysts who fear the cryptocurrency could slip under $100,000 by month-end. The selloff, driven by renewed U.S.-China trade tensions and macroeconomic uncertainty, has disrupted the asset's historically bullish October performance, known as "Uptober." According to data from CoinGlass, BTC is already down 6% for the month, far below its average October gain of 19.7% since 2013, as reported in a CryptoNews report https://cryptonews.com/exclusives/so-much-for-uptober-could-bitcoin-slip-under-100000-by-month-end/.

The recent volatility has been exacerbated by institutional profit-taking and a global risk-off sentiment. On October 10, Bitcoin hit a five-month low after a record $19 billion in leveraged positions were liquidated, marking the largest single-day liquidation event in crypto history, the CryptoNews report said. Polymarket data further underscores investor anxiety, showing a 52% probability that BTC will breach the psychological $100,000 threshold this month.

However, the narrative isn't entirely bearish. U.S. spot Bitcoin ETFs have drawn $3.55 billion in inflows in early October, led by BlackRock's iShares Bitcoin Trust, which helped push BTC above $126,000 at one point, according to a TradingView article https://www.tradingview.com/news/tradingview:0f81b9705cc12:0-key-facts-us-bitcoin-etfs-see-3-55b-inflows-price-tops-126k/. Year-to-date inflows for Bitcoin funds now total $30.2 billion, reflecting surging institutional demand. The same report added that public companies have also increased their Bitcoin holdings from 476,000 to 869,000 BTC in 2025.

The market's trajectory has since stabilized, with BTC rebounding to $115,041 as of press time, driven by optimism over easing U.S.-China trade tensions, according to a Bitcoin Magazine article https://bitcoinmagazine.com/markets/bitcoin-price-jumps-to-115000. Geoffrey Kendrick, Standard Chartered's head of digital asset research, argues that Bitcoin may "never fall below $100,000 again" if macroeconomic tailwinds persist. Improved trade relations between Washington and Beijing, including potential delays to rare earth export restrictions and Chinese soybean purchases, have shifted market sentiment from fear to hope.

Kendrick also highlighted fresh inflows into spot Bitcoin ETFs and expectations of a 25-basis-point Federal Reserve rate cut as bullish catalysts. Meanwhile, the broader market awaits key earnings reports from tech and crypto firms, which could further influence Bitcoin's direction.

Despite the recent rebound, technical indicators remain mixed. BTC faces resistance at $117,600 and $122,000, while support holds at $106,900. A breakdown below $105,000 could test the $96,000 long-term support level, critical for maintaining the bull market's integrity, the Bitcoin Magazine article noted.

As the cryptocurrency navigates a complex landscape of geopolitical tensions, central bank policies, and institutional adoption, investors remain split between caution and optimism. The coming weeks will likely determine whether Bitcoin's October slump is a temporary correction or a harbinger of deeper challenges.