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Although “Uptober” is still one of the most well-known seasonal patterns in cryptocurrency, 2025 served as a helpful reminder that October is far from always bullish. Bitcoin started October 2025 at about $119,000 and initially followed the seasonal narrative exactly, hitting a record above $126,000. Will it repeat the record? Strong demand for ETFs supported the move, with U.S. spot Bitcoin funds bringing in about $4.7 billion during the first half of the month. The setup then broke down. A fresh U.S.-China trade dispute sparked a violent risk-off move, including the biggest cryptocurrency liquidation event on record at the time….
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