Bitcoin ended October lower, ending its six-year “uptober” streak, while BNB rose as the mid-month shock sent most of the major stocks below their early highs.
The shock came on October 10, when President Donald Trump threatened to impose significant new tariffs on China and began a broader risk-off move amid rising rare earth tensions.
Bitcoin fell from around $120,000 to around $105,000 due to high-speed trading, and altcoins suffered from heavy leverage due to their lack of liquidity, causing a sharp decline. From October 10th to 11th, derivatives exchanges automatically liquidated positions estimated at tens of billions of dollars, evaporating more than $5 trillion in market value before the volatile rally reached a floor. It was a macro headline that clashed with crowded positioning rather than a crypto-specific catalyst.
By the end of the month, CoinDesk data showed Bitcoin ended October in the red, breaking what traders called an “uptober.”
CoinGlass’ Bitcoin monthly return heatmap shows that October 2025 will be the first red October since 2018, ending the green run that lasted from 2019 to 2024. This legend is important because this pattern persisted over very different regimes, including a late-cycle rally and a recovery after a decline, so a break in 2025 would reset expectations and remind traders that seasonality is a trend, not a promise.
The shape of this month was surprisingly consistent across the entire month of TradingView charts.
Bitcoin started strong, but suffered multiple air pockets from October 10th to 11th, and then spent the second half of the month rallying without regaining its initial peak. Aether followed the same flash base fade arc and stalled below the round number band we tested in the first week. Solana and XRP echoed that rhythm with a series of bass trebles for the final session. From a practical perspective, the late rally did not turn resistance into support. That is why these four monthly candlesticks are displayed in red.
BNB broke ranks. The stock absorbed the downdraft in the middle of the month and hit its lows in the final third of the month, ending October up about 4.2%, a strong performance even as its peers declined. Beyond the top 10, there were several names that ended October on the screens monitored here, including ZEC, XMR, and WBTC, highlighting the strength that remains behind the surface despite the cooling of the leadership.
The reason why the “Uptober” brand stalled is simple. It’s a community nickname born from Bitcoin’s trend of rising in October over the past decade, and is powered by the CoinGlass grid, which shows October in green every year from 2019 to 2024. Switching cells to red this year won’t erase historical trends, but it will push risk management back to checking tape rather than calendar reliability.
The numbers displayed on various dashboards may differ for routine reasons. CoinGlass has near-earnings results for calendar months excluding October. The 30-day rolling readings for the major trackers are continually updated and often include early October highs, so even if the exact calendar month looks calm, they can show a sharp decline into November 1st. The direction is the same. The size is determined by the measurement window.
Structurally, October leaves you with a clear checklist for November.
In the case of Bitcoin, a return to the lower high of late October would mean a resumption of the zone at the beginning of the month and a return to the previous peak. For ether, a clean break and hold above the overhead band converts a failed retest into support.
In the case of SOL and XRP, breaking a series of low highs would again be a confirmation of momentum rather than a short-term pullback. And for BNB, the question is whether the relative strength will persist if the majors remain range-bound, or if there is a broad rebound, leadership will revert to the maximum upper limit.