Bitcoin’s ‘Uptober’ Faces Hurdles Amid Futures Surge

Bitcoin's Historic 'Uptober' Faces New Challenges

Every year, October is eagerly anticipated by Bitcoin enthusiasts, who have coined the term 'Uptober' due to Bitcoin's historically strong performance during this month. Since 2013, Bitcoin has delivered an average return of 22.9% and a median return of 27.7% in October—a trend that typically sets the stage for a robust fourth quarter, with the market historically seeing an average return of 88.8% during this period.