Will ‘Uptober’ Be a Total Flop? Crypto Markets Turning Red 9 Days Out!

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Hold onto your hats, folks! The crypto world is in a tizzy. With October just around the corner (about 10 days, to be precise), everyone’s wondering if this month will see Bitcoin zooming up like a rocket, or if it’ll take a nosedive into the red. Spoiler: Monday’s performance didn’t exactly inspire confidence. 😬

Now, let’s talk about the past. Historically, October has been the golden child for Bitcoin (BTC), earning the nickname “Uptober” after it soared into the green 10 out of 12 times since 2013, according to CoinGlass. Talk about reliable! But, of course, history is a fickle thing. No one ever promised a happy ending, right? 🤔

Since 2018, Bitcoin has never seen a loss in October (except for that tiny 3.8% drop). But in the bull markets of 2017 and 2021, Bitcoin gained 48% and 40% respectively during this magical month. So if history decides to be nice this time around, we could see it rocket to $165,000. Or, you know, not. 😏

Uptober? Maybe. Let’s Look at the Signals

Let’s start with Kyle Chassé, a Bitcoiner who thinks that odds of another Federal Reserve rate cut next month are looking pretty good. We’re talking 92% here, folks! Apparently, this means that the “easing cycle” is already priced in, and liquidity is on its way-aka the rocket fuel Bitcoin and crypto are DYING for. 🚀

Then there’s ‘Sykodelic,’ who’s predicting a dip before the BIG surge. His prophecy? Once Bitcoin hits $112,500, all the naysayers will start complaining, and then-BOOM-new highs and euphoria. A bit dramatic, but we love the enthusiasm! 😂

“After we get this over with, it’s on to new highs and the start of the explosive final leg that will push the market into euphoria.”

Meanwhile, Arthur Hayes, co-founder of BitMEX, is singing a happy tune, saying crypto will hit “up only mode” once the US Treasury hits its target goal of filling the Treasury General Account. He thinks that liquidity drain is about to be done, and then it’s full steam ahead. 🚂

But Some Are Playing the Cautious Game

Not everyone is buying into the Uptober hype. Some analysts are giving us a bit of a reality check. “Expect any BTC rallies to be pretty underwhelming,” said Augustine Fan, the head of insights at SignalPlus. He points to the low implied volatility, weakening momentum, and a bunch of profit takers out there looking to sell and cap any upside. Oh, and patience is key for longer-term investors, apparently. 🕰️

“Longer-term investors will have to be more patient before we expect new ATHs to be reached.”

Jeff Mei, the chief operating officer at BTSE exchange, isn’t feeling the magic this year either. He thinks the Uptober trend is less likely due to the current macro uncertainty. Also, September didn’t exactly bring the dramatic crashes everyone was hoping for. If the Fed gets more aggressive with its economy-stimulating measures, however, things could change. So… yeah. 🤷‍♂️

Crypto Markets Turn Red: Monday’s Reality Check

So, about Monday-yikes! The crypto markets started retreating faster than a cat caught in a rainstorm. The total market capitalization sank by $80 billion, with Bitcoin dipping to a twelve-day low of $114,270. If that wasn’t enough, Ether (ETH) took a hit too, dropping over 4% and falling below $4,300 for the first time in two weeks. Looks like ‘Uptober’ has some serious explaining to do. 😬

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2025-09-22 08:46