Bitcoin price faces second straight ‘Downtober’ as US spot demand weakens

Bitcoin has remained on course for a second consecutive October loss, challenging its “Uptober” reputation as weakening U.S. spot demand offsets renewed purchases through exchange-traded funds ahead of the Federal Reserve's October 28 decision. Bitcoin is heading toward a second consecutive losing October after declining 3.8% in October 2025. BTC lost 4.2% through October 25, compared with an average October gain of 18.1% during 2020–2025. CryptoQuant recorded a persistently negative Coinbase premium, indicating weak relative demand on the U.S. exchange. Spot Bitcoin ETFs attracted $176 million on October 27, led by BlackRock's $151.5 million IBIT inflow. CryptoQuant's Bull Score Index fell from 90 to 60 ahead of the Fed decision and November elections According to crypto.news market data, Bitcoin price dropped from about $83,600 at September's close to $79,200.

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