Bitcoin’s 2% drop this month? Pfft, that’s just the universe giving it a little nudge. Only seen losses in two of the past Octobers since 2013. The first was 2014, 13% loss. Second in 2018, 3.8%. Both bear markets. August is the worst month, October and February best. Oh, how the seasons turn.
Third time in six years BTC negative halfway through October. All six times, ended green. “There’s some hopium for you.” – Joe Consorti. Hopium? That’s not a word. It’s a feeling. A desperate hope. Like when you’re 30 and still believe in Santa.
This is the 3rd time that BTC has been negative halfway through October in the last 6 years.
All 6 times, it ended up green by October 31st.
There’s some hopium for you.
– Joe Consorti (@JoeConsorti) October 15, 2025
Red October Deepens
BTC tanked to $110k on Wednesday before recovering to $111k. Now down 12% from all-time high. 9% in seven days. October losses mount. Chart expert “Bach” says no cautionary signals. “We haven’t reached parabolic stage.” Parabolic? More like “paranoid” if you ask me. “Still see $150k by year-end as a reasonable target.” Reasonable? If you consider jumping off a cliff and hoping for a trampoline reasonable.
Crypto litigator Joe Carlasare predicts the cycle will drag into 2026. “Need to burn through excess, frustrate bulls, then move higher.” So, let’s all just sit here and suffer while the market plays its games. Classic.
“This narrative about 4 4-year cycle/Q4/Uptober caused excessive long positioning, and the market almost never lets everyone win. Need to burn through that excess, frustrate the bulls, and then move higher throughout 2026.”
Analyst ‘Tracer’ says October 2017, 2021, 2025 = DUMP. Same setup. Same structure. Same chart. “Don’t say I didn’t warn you…” – Tracer. Oh, we’ll say it. We’ll say it loudly. Because we’re all here, watching the same trainwreck.
October 2017 = DUMP
October 2021 = DUMP
October 2025 = DUMPSame setup. Same structure. Same chart.
Don’t say I didn’t warn you…
– ᴛʀᴀᴄᴇʀ (@DeFiTracer) October 15, 2025
Why The Pessimism?
Crypto trader ‘Mr. Anderson’ questions why sentiment turned bearish. “Three-year staircase up. Price up 115% since last September. Timeline sounds like a funeral.” A funeral? For what? The old Bitcoin? The one that’s now a $1T+ beast? Maybe the funeral is for the people who sold at the bottom.
“You’ve got a three-year staircase up. You’ve got price up ~115% since last September, adding over $1 trillion in market cap. And the timeline still sounds like a funeral.”
BTC closed above $100k for 160 days. “Looks like structural acceptance.” Structural acceptance? More like structural denial. “If higher levels are coming, this range is the launchpad.” Launchpad? More like a launching pad for a very expensive trip into the unknown.
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2025-10-16 10:59