Key Takeaways
- Bitcoin ended its October bullish streak with a 3.69% dip, potentially triggered by the trade war between the U.S. and China.
- Bitcoin exchange reserves across all exchanges dropped by 103,594 BTC, hinting at mass accumulation.
- A Bitcoin rally could occur only if the price breaks above the $115,000 level, while a further decline is likely if it falls below the key $105,700 support.
October 2025 turned out to be a roller-coaster month for Bitcoin (BTC) and the broader cryptocurrency market. The month began with an impressive rally but ended with a 3.69% decline, breaking Bitcoin’s October winning streak that had continued since 2019.
Bitcoin’s ‘Uptober’ Ends: Current Price Momentum
According to TradingView’s daily chart, at the beginning of October 2025, Bitcoin (BTC) hit an all-time high of $126,200. However, following U.S. President Donald Trump’s tariff announcement on China, the price plunged to nearly $100,000.
Although the tariff tensions between the U.S. and China have since been resolved, they severely impacted BTC and the overall market. Since then, BTC has continued to struggle, hovering between the $105,700 and $115,000 levels since the historic crash on October 10, 2025.
Today, Bitcoin (BTC) is trading at the $110,430 level and has recorded a modest price uptick of 0.75%, according to TradingView data.
Bitcoin Mass Accumulation? Exchange Reserves See Sharp Fall
Amid all these ups and downs, one consistent market trend has been the continuous accumulation of BTC from exchanges, according to on-chain analytics platform CryptoQuant.
The data shows that in October 2025, Bitcoin exchange reserves across all platforms dropped by 103,594 BTC, falling from 2.49 million to 2.39 million. The graph of this metric shows a sharp decline in BTC reserves during October 2025, coinciding with a significant price drop.
This decline in exchange reserves typically indicates accumulation by whales, institutions, or investors, as it reflects the movement of assets from exchanges to personal wallets, a bullish sign for BTC holders.
Additionally, it raises the question of whether this is an ideal buying opportunity or if the price could fall further in the coming days.
Bitcoin (BTCO Price Action and Technical Analysis
TimesCrypto’s technical analysis on the daily chart reveals that Bitcoin continues its bearish trend as it trades below the Supertrend indicator. Whereas, its CMF (Chaikin Money Flow) value reaches -0.15, indicating strong selling pressure and declining buying momentum in the market.
Based on the current price action, BTC is trading within a parallel channel pattern, with the upper and lower boundaries at $115,000 and $105,700, respectively.
Bitcoin upside momentum could only occur if it breaks above the upper boundary, in which case BTC could soar toward the $125,000 level.
Conversely, if it breaks below the lower boundary, it could fall to the next support level at $100,000 or even lower in the future. Otherwise, it may continue moving sideways.
