Bitcoin Updates: Rising Global Tensions Disrupt Bitcoin’s ‘Uptober’ Momentum as $100K Level Challenges Bullish Strength

In early October 2025, Bitcoin’s value dropped below $113,000, prompting analysts to issue urgent alerts that the cryptocurrency could dip under $100,000 before the month concludes. Renewed trade disputes between the U.S. and China, along with broader economic uncertainty, have fueled the selloff, disrupting Bitcoin’s typically strong October trend, often referred to as “Uptober.” CoinGlass data shows that

has already fallen 6% this month, a sharp contrast to its historical October average increase of 19.7% since 2013, according to a CryptoNews article .

This recent turbulence has been intensified by institutions locking in profits and a global shift toward risk aversion. On October 10,

reached its lowest point in five months after a record $19 billion in leveraged positions were liquidated, marking the largest single-day liquidation event in crypto history, as reported by CryptoNews. Data from Polymarket highlights growing investor unease, with a 52% chance that BTC could fall below the key $100,000 mark this month.

Yet, not all the news is negative. U.S. spot Bitcoin ETFs have attracted $3.55 billion in new investments in early October, with BlackRock’s iShares Bitcoin Trust leading the way and helping BTC briefly surpass $126,000, as detailed in a TradingView report

. So far this year, Bitcoin funds have seen $30.2 billion in inflows, highlighting strong institutional interest. The same article notes that public companies have increased their Bitcoin holdings from 476,000 to 869,000 BTC in 2025.

The market has since steadied, with BTC recovering to $115,041 at the time of writing, buoyed by hopes that U.S.-China trade tensions are easing, according to a Bitcoin Magazine piece

. Geoffrey Kendrick, who leads digital asset research at Standard Chartered, believes that Bitcoin might “never drop below $100,000 again” if favorable macroeconomic conditions continue. Improved relations between Washington and Beijing, such as possible delays in rare earth export restrictions and increased Chinese purchases of soybeans, have helped shift investor sentiment from fear to optimism.

Kendrick also pointed to renewed inflows into spot Bitcoin ETFs and the possibility of a 25-basis-point rate cut by the Federal Reserve as positive drivers. Meanwhile, the broader market is watching for major earnings announcements from technology and crypto companies, which could further impact Bitcoin’s direction.

Despite the recent recovery, technical signals remain mixed. BTC is encountering resistance at $117,600 and $122,000, while support is found at $106,900. Should prices fall below $105,000, the $96,000 level will be tested, which is crucial for sustaining the ongoing bull market, according to Bitcoin Magazine.

As Bitcoin navigates a challenging environment shaped by geopolitical strife, central bank decisions, and growing institutional involvement, investors are divided between caution and optimism. The next few weeks will be critical in determining whether October’s downturn is merely a short-term setback or a sign of more significant issues ahead.