Bitcoin Heads for Second Consecutive Losing October

Bitcoin lost 4.2% by October 25 and is heading for its second consecutive losing October. The price fell from $83,600 at the end of September to $79,200, and on Wednesday it recovered to around $81,500. There are three days left until the end of the month. In October 2025, Bitcoin already closed with a decline of 3.8%; another losing month will break a five-year growth streak, where the average result for October from 2020 to 2025 was about 18.1%.

According to CryptoQuant, the premium on Coinbase remained negative throughout October and dropped to −0.146 on October 24 – the lowest since the end of June. Since October 14, the spot demand assessment has been negative every day, and by October 25, the deficit reached about 76,000 BTC. The Bull Score index fell from 90 to 60, although six out of ten indicators remained bullish.

Meanwhile, on October 27, U.S. spot exchange-traded funds attracted $176 million: $151.5 million through IBIT from BlackRock and $24.5 million through FBTC from Fidelity. This followed an outflow of about $773.5 million on October 22 and 23.

The recovery occurred ahead of the Fed's announcement on Wednesday; investors are awaiting signals about a possible rate hike in December. CryptoQuant indicates risk levels: the 365-day average is around $77,585, the realized price for traders is $74,041, and the 200-day average is $73,028. The market price premium over the realized value for holders from one to three months decreased from 33.4% to 8.1% from September 22 to October 26.