Bitcoin price faces its second consecutive ‘Downtober’, with weakened spot demand in the United States
2026-10-28 18:33:51
CoinMeta data: Bitcoin prices face their second consecutive October of losses amid weakened spot demand in the United States, challenging its “Uptober” reputation. According to market data, Bitcoin prices fell from around $83,600 at the end of September to $79,200, before rebounding to $81,500 on Wednesday, although the final monthly outcome is still uncertain. Bitcoin closed down about 3.8% in October 2025. If there is another negative growth, 2026 will become the second consecutive October with losses. According to a report from CryptoQuant, the average increase in October over the past five years has been 22.5%. The latest data shows that U.S. spot Bitcoin funds attracted $176 million in inflows on October 27, with Blackstone’s IBIT contributing $151.5 million.
Source:Cryptonews
This content is for market information only and does not constitute investment advice.
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