Four Red Months Raise Questions Over Bitcoin Bull Run

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The last time BTC was so deep in the red monthly was during the 2018 bear market.

It’s hard to imagine now that just a few months ago, bitcoin was riding high, investors were hopeful about ‘Uptober,’ and the bulls dominated the market.

In that not-so-distant past, the cryptocurrency was trading confidently within a six-digit price territory, and had just printed a new all-time high above $126,000. The community was full of new predictions about $150,000 or $200,000 by the end of the year, based on historical performances.

The Monthly Closures in Red
The reality, though, was different. And brutal. Instead of going to those levels, BTC nosedived on October 10/11 in a $19B-wipeout, and the trend turned for the worse as the cryptocurrency was never actually able to recover from that crash. In fact, bitcoin ended 2025 in the red for the first time in a post-halving year.


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