Here Is Why Bitcoin Registered Its First Red October in 7 Years

Why It Matters

These factors together broke the long‑standing seasonal bullish pattern.

Summary

October has historically been Bitcoin’s strongest month, delivering average gains of about 22.5% thanks to post‑summer liquidity, year‑end portfolio rebalancing and robust demand from U.S. investment products. In 2024, however, Bitcoin posted a loss, marking its first red October in seven years. The article attributes the reversal to tighter monetary policy, dwindling inflows into crypto ETFs, and a broader risk‑off environment that sapped liquidity. These factors together broke the long‑standing seasonal bullish pattern.