Bitcoin Experiences First 'Red October' in Seven Years After Historically Bullish Trends
Bitcoin Experiences First 'Red October' in Seven Years After Historically Bullish Trends
October, traditionally a bullish month for Bitcoin with average gains of 22.5%, has surprisingly turned 'red' for the first time in seven years. This breaks a decade-long pattern driven by post-summer liquidity, year-end portfolio positioning, and strong investor demand. The article explores the reasons behind this unexpected negative performance, contrasting it with Bitcoin's historical track record as one of its easiest months for bullish sentiment.
For more than a decade, October has been one of Bitcoin’s easiest months to be bullish. Historically, it has delivered average gains of about 22.5%, helped by post-summer liquidity, year-end portfolio positioning, and, more recently, steady demand from US investment products. As a result, confidence in that pattern was high again this year. And true [...]