- Bitcoin’s October weakness driven predominantly by U.S. trading sessions, dropping as much as -6%.
- A negative $80 Coinbase Premium Gap signals strong institutional selling pressure in the U.S.
- ETF outflows totaling $554 million in late October reflect risk-off sentiment among U.S. investors.
October 2025 didn’t deliver the much-anticipated “Uptober” rally for Bitcoin, and a detailed analysis from CryptoQuant sheds light on why. The latest data, highlighted in a recent X post, reveals that the month’s weakness wasn’t a global phenomenon but rather a session-specific selloff, with the U.S. trading hours bearing the brunt of the pressure.
The cumulative return chart by session—covering U.S., EU, and APAC markets—shows a stark decline during U.S. sessions, contrasting with more stable or recovering trends in European and Asia-Pacific hours.
Significant Institutional Pressure Reflected in Coinbase Premium Gap
The chart, spanning October 3 to October 31, indicates that Bitcoin faced significant downward pressure during U.S. trading windows, with cumulative returns dipping as low as -6%. This trend aligns with observations of heavy selling, particularly on Thursdays, where prices dropped from $111,390 at the EU open to $106,000 by the end of the U.S. session, only to rebound post-CME close.
CryptoQuant’s analysis suggests this was driven by institutional flows, with a negative Coinbase Premium Gap of -$80 signaling strong U.S. investor sell pressure. Additionally, back-to-back ETF outflows of $262M and $292M on October 29 and 30 further underscore a risk-off sentiment among U.S. institutions.
The move into November, the focus shifts to monitoring U.S. session behavior, ETF flows, and the Coinbase premium for early signals. The data suggests that macro fears and institutional moves, rather than a broad market collapse, were the key drivers of October’s performance. For investors, this highlights the importance of session-specific analysis in navigating Bitcoin’s volatility, especially as U.S. market dynamics continue to play a pivotal role.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
