Bitcoin was last seen trading at $110,075.91, up 0.48% on the day, after closing at $109,560, with a 24-hour volume of $87.19 million. The world’s largest cryptocurrency hit a monthly low of $109,340, far below its yearly high of $126,300, and still well above its year low of $66,780, with a market cap of $2.17 trillion and a funding rate of 0.31%.
The backdrop wasn’t calm either. President Donald Trump’s 100% tariff on Chinese imports and his threats to restrict key software exports intensified the U.S.–China trade war, spooking risk assets and crypto alike. Bitcoin plunged to $104,782.88 between October 10 and 11, just days after breaking above $126,000, its all-time high. Adam McCarthy, senior analyst at Kaiko, said, “Even top coins like Bitcoin and Ether can experience 10% drawdowns in minutes.
For now, whales remain active. Data from Glassnode and CryptoQuant shows increasing exchange inflows late in October, signaling possible short-term pressure. Funding rates remain positive, hinting at ongoing bullish bias. Some investors are buying the dip, while others wait for a confirmed breakout. Experts urge caution against FOMO and recommend stop-loss protection. With Bitcoin hovering around $110,000, November 2025 stands as a make-or-break month. The crypto king’s October magic is gone — but its comeback story may be just one headline away.
The decline shattered seven years of consecutive October gains. Once dubbed “Uptober” for its bullish reputation, October 2025 delivered the opposite. Bitcoin’s market cap stands at $2.17 trillion, down sharply from its yearly high of $126,300.
The backdrop wasn’t helping either. Geopolitical tensions between the U.S. and China intensified after President Donald Trump’s 100% tariff on Chinese imports and threats to curb key software exports. This triggered panic across global markets, causing Bitcoin to plunge to $104,782.88 during Oct. 10–11, just days after touching an all-time high above $126,000.
“Even top coins like Bitcoin and Ether can experience 10% drawdowns in minutes,” said Adam McCarthy, senior analyst at Kaiko. “October reminded everyone how narrow and volatile this market truly is.”
Investor confidence took a hit as the Federal Reserve delayed additional rate cuts, citing uncertainty from the ongoing U.S. government shutdown, which has slowed key data releases.
Adding to the caution, JPMorgan Chase CEO Jamie Dimon warned that U.S. stocks could face a significant correction within the next six months to two years, further dampening risk appetite across both equity and crypto markets.
Despite these setbacks, Bitcoin remains up over 16% year-to-date, largely supported by the Trump administration’s pro-crypto policies, including the dismissal of lawsuits against digital platforms and a fast-tracked regulatory framework for crypto innovation.
Yet the outlook is mixed. Optimists expect a rebound fueled by easing tensions between the U.S. and China and the Fed’s 0.25% rate cut, while skeptics warn of a repeat of November 2018, when Bitcoin plunged 36.57% after a weak October.
Investors are watching key triggers — ETF flows, Fed decisions, and macro data such as inflation and employment — that could define Bitcoin’s next move.
Analysts recommend keeping a close eye on whale movements, as large Bitcoin holders often dictate short-term market direction. Data from Glassnode and CryptoQuant shows increased exchange inflows in late October, signaling potential selling pressure.
Funding rates, currently around 0.31%, remain positive — suggesting traders are still leaning bullish. But any sudden spike in liquidations could reverse momentum quickly.
Investor sentiment is split. Bulls see the current level near $110,000 as a buy-the-dip opportunity, anticipating a sharp November rally. Others are holding back, waiting for confirmation above resistance zones or signs of renewed whale accumulation.
Caution remains key. Experts advise against FOMO buying and recommend using stop-loss orders to manage downside risk. Long-term holders, however, appear undeterred, continuing to accumulate through market dips.
Whether Bitcoin can reclaim its “crypto crown” in November remains the biggest question for investors worldwide. As the crypto king stands at a crossroads between revenge and retreat, all eyes are once again on the charts — and the headlines.
