Core Insights - Bitcoin entered October with high expectations due to historical trends, but ended the month down over 5%, marking the first negative October close since 2018 [2][3] - November, referred to as "Moonvember," has historically been Bitcoin's second strongest month, with median gains of 10.3% [3] - Several factors contributed to October's poor performance, including a mid-month correction, cautious Federal Reserve stance, and renewed trade tensions [4][5] Market Performance - Bitcoin's price briefly exceeded $125,000 early in October but faced a significant correction, dropping below key support levels like $110,000 [4] - Institutional activity decreased, with major Bitcoin accumulator Strategy purchasing only 778 bitcoins in October, a 78% drop from September [5] - ETF inflows slowed compared to previous quarters, reflecting investor caution amid persistent inflation and flat hiring data [6] Social Sentiment and Metrics - Social media sentiment around "Uptober" turned negative as the month progressed, impacting altcoins like Ethereum and Solana [7] - Despite the downturn, Bitcoin dominance remained steady at around 57%, and whale accumulation continued, indicating underlying support [8] - Analysts view the situation as a "liquidity-driven mid-cycle reset," with normalization of leverage and rising on-chain activity [8]