Bitcoin is currently poised to end October with a decline, marking the first bearish month since 2018. A cautious sentiment among retail investors has fueled this dip as social media conversations increasingly revolve around potential downside risks. The market faces various factors contributing to these negative trends, including uncertainty in interest rates and macroeconomic data. Lack of fresh institutional investments and weak momentum after a stagnant summer also play a role. This shift in mood contrasts with Bitcoin’s historical strength in October. It may mark the first time since 2018 that the asset ends the month down. Altcoins are also showing signs of weakness, hinting at wider market apprehension. Analysts point to this period of consolidation as potentially paving the way for stronger prices later on, particularly ahead of the Bitcoin halving in 2026. However, a negative October outcome would mark a notable departure from the last five years’ trend of green Octobers in Bitcoin.