October 2025 records worst ‘Uptober’ in a decade – an analysis of events

October 2025 saw one of the worst performances for ‘Uptober’ in a decade, driven by a major crash on October 10 that wiped out $19 billion in leveraged positions. Despite the losses, total market capitalization briefly reached $4.27 trillion before collapsing.

Market analysts, including Shawn Young, anticipate Bitcoin to remain range-bound between $110,000 and $115,000 at the start of November, with potential movements towards $120,000 as the month progresses, reflecting optimism following the end of quantitative tightening.

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