Bitcoin’s ‘Uptober’ rally falters – Why BTC is down 4.2% in October

Bitcoin’s [BTC] much-anticipated “Uptober” rally has disappointed investors in October 2026, with BTC posting a negative monthly return instead of following its historically bullish seasonal trend. According to the CryptoQuant chart, Bitcoin was down 4.2% month-to-date as of the 25th of October, compared with an average October return of 18.1% between 2020 and 2025. This also marks the second consecutive negative October, following a 3.8% decline in October 2025. This analysis comes as Bitcoin was trading at $81,296.02 after a hike of 1.9% in the past 24 hours, but the coin dropped 28% over the past year.