Bitcoin’s Red October Fades as Uptober Bullposting Resurges

October's crimson charts give way to green shoots of optimism as crypto sentiment pivots hard.

The Great Reversal

Market psychology flips from fear to greed in under 72 hours—traders dumping doomscrolls for rocket emojis as Bitcoin reclaims key technical levels. Short positions evaporate faster than a memecoin developer's promises.

Social Media Tsunami

Crypto Twitter transforms from mourning to mooning overnight. 'Uptober' hashtags triple volume while bearish analysts quietly delete their catastrophic predictions—proving once again that in crypto, conviction lasts exactly as long as the last candle.

The Institutional Whisper

Whales accumulate during the dip while retail panics. Same old story, different cycle—because nothing teaches financial wisdom like watching your portfolio swing 40% in a week while traditional finance debates 0.25% rate changes.

October's final act promises either glorious validation or spectacular faceplant. Place your bets.

Red October Deepens

BTC tanked to an intraday low of $110,500 on Wednesday before recovering to trade around the $111,000 on Thursday morning. The asset has now fallen 12% from its all-time high and is down 9% over the past seven days as October losses mount this week.

Chart expert “Bach” said that there were still no cautionary signals on the “Boombust framework,” which means “we haven’t reached that parabolic stage.” The last bullish signal came in April 2025 when markets started recovering from the big slump. “Still see $150,000 by year-end as a reasonable target,” he said.

Meanwhile, crypto litigator Joe Carlasare predicted that the cycle would extend into next year.

“This narrative about 4 4-year cycle/Q4/Uptober caused excessive long positioning, and the market almost never lets everyone win. Need to burn through that excess, frustrate the bulls, and then MOVE higher throughout 2026.”

Analyst ‘Tracer’ also pointed out that previous bull markets have seen big dumps before things took off, suggesting that more pain was to come.

October 2017 = DUMP
October 2021 = DUMP
October 2025 = DUMP

Same setup. Same structure. Same chart.

Don’t say I didn’t warn you… pic.twitter.com/eFQhkY7bkR

— ᴛʀᴀᴄᴇʀ (@DeFiTracer) October 15, 2025

Why The Pessimism?

Crypto trader ‘Mr. Anderson’ questioned why sentiment had turned bearish recently.

“You’ve got a three-year staircase up. You’ve got price up ~115% since last September, adding over $1 trillion in market cap. And the timeline still sounds like a funeral.”

Bitcoin has closed above $100,000 for over 160 straight days, he said before adding that it “sure looks like structural acceptance.” “Time will tell, but if higher levels are coming, this range is the launchpad,” he concluded.