For the first time since 2018, Bitcoin closed October 2025 in the red, down around 3.6 % and trading near US$110 000, amid liquidations of some US$19 billion and a cautious central-bank environment. The crypto market-cap sits around US$2.17 trillion. Analysts point to historical patterns—November has typically been Bitcoin’s strongest month—and suggest a rebound toward US$160 000 is possible if ETF inflows and macro sentiment improve. :contentReference[oaicite:6]{index=6}