Bitcoin: From "Uptober" to "It’s Over" – Can November Restore Confidence?

October closed with a disappointing result for the crypto community: Bitcoin fell -3.68%, marking the first losing October in 7 years. Although since the beginning of the year, BTC has still increased by more than 16.6%, the excitement of "Uptober" quickly vanished, giving way to skepticism and frustration.

Meanwhile, the tech stock market is taking off thanks to the AI wave, attracting global capital to Nasdaq. As for Bitcoin – the symbol of decentralized assets – it stands at a crossroads: criticized for not rising, and doubted for not falling.

The reason lies in the absence of a new leading story, liquidity being reallocated, and the increasingly fierce comparisons between asset classes. As gold and tech stocks surge, Bitcoin – once regarded as "digital gold" – seems to be left behind.

However, in that picture, there is still a glimmer of hope: history shows that November is often a month of recovery for Bitcoin, with a median return of about +8.8% (though "for reference only"). The market may be taking a breather, but the cycle never dies; it just waits for a new "trigger."

👉 Bitcoin is a measure of confidence – and confidence cannot be kept waiting too long.