Key points:
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Bitcoin is setting its worst October performance since 2018 as traders are cautious on the outlook.
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ETF outflows return as risk traders trade despite macro tailwinds.
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Bollinger Bands data suggests that BTC price volatility is due to make a sweep.
Bitcoin (BTC) traded around $110,000 on Saturday as traders remained bearish after “Uptober” failed to deliver.
Bitcoin demand “weakness” closes Uptober
Data from Cointelegraph Markets Pro and TradingView showed that BTC price has recovered losses from Friday’s Wall Street trading session.
It started with seller pressure – a Often wonder Throughout the week—that involved both US exchanges and the area traded Bitcoin exchange-traded funds (ETFs).
Onchain Analytics Platform GlassNode said That ETF outflows highlight “increasing pressure from tradfi investors and renewed weakness in institutional demand.”
Data from UK-based investment company Farside Investor Put Friday’s tally at $191 million, which followed $488 million in inflows for Thursday.
Continuing, Glassnode noted that markets recoiled on a macro tailwind in the form of an interest rate cut from the US Federal Reserve.
The Fed delivered the expected rate cut, but the hawkish tone for December cooled optimism, ”it said X Followers.
“The initial rally faded as traders moved back into cautious mode, a shift that was clearly visible in the BTC options market.”
Traders remained cautious, with crypto investor and entrepreneur Ted Pillows calling the current setup in Bitcoin a “time-based capitulation.”
“BTC’s time-based capitulation is happening now. But for this, Bitcoin needs to rally above $100,000,” he warned friday
“A weekly close below this level will confirm the downtrend.”
Meanwhile, Trader Daan Crypto Trades said, that a real move can come only once the price of BTC definitely crosses the upper or lower border of its local range. The Two main levels The interest is $107,000 and $116,000.
$ Btc Will do $107K again and move back to the mid range. It’s just one day, down to another at this point.
Range is ranging. Chop is chopping.
We stayed patient for $107K or $116K to break to see some momentum back in this market and for the range to finish. https://t.co/c7zhird92f pic.twitter.com/u8ppwzadln
– Daan Crypto Trades (@Daancrypto) October 31, 2025
Bollinger bands tell the next BTC price volatility
The monthly candle thus delivered a disappointing 3.7% loss for BTC/USD – the worst result since 2018.
Related: Bitcoin Set for First Red October in Seven Years: What Will November Bring?
As reported by Cointelegraph, November has traditionally been Bitcoin’s best-performing month, with data from Coinglass Confirming an average reversal of a giant 42.5% since 2013.
Discussing the topic, commentator Matthew Hyland added that the Bollinger bands volatility indicator continues to indicate record volatility is on the way.
“Monthly Bollinger Bands reached the most extreme level in the entire history of Bitcoin,” he write in X.
The Bollinger Band Tight is Been on the radar for a long time for market participants.
Last month, the creator of the indicator, John Bollinger, said That soon it will be “time to pay attention” to the volatility in both Bitcoin and major altcoins.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should do their own research when making decisions.
