Despite a sharp crypto crash, analysts say Uptober remains on track as Bitcoin rebounds and investor confidence holds strong.
The recent crypto crash shook the financial markets and caused the largest wave of liquidations in digital asset history.
Even so, analysts believe the market’s “Uptober” trend remains on course.
After the weekend sell-off, total crypto market capitalisation rebounded to $4 trillion. The bounce indicates that investor confidence hasn’t vanished, even after the drop.
Bitcoin Holds Ground After Record Liquidations
Bitcoin failed to break out above $112,000 earlier this week, but continues to trade just below that level. Despite the setback, analysts like Scott Melker are optimistic about October’s outlook.
“After the largest liquidation in crypto history, I expected October to be deep in the red,” Melker said. “But markets are still holding on, which feels like a small miracle. I don’t think we’re entering a bear market.”
Data from TradingView shows that Bitcoin’s quick recovery above $111,000 helped calm fears of a deeper downturn.
This is similar to patterns seen in past years. Historically, Bitcoin tends to perform best in the second half of October, which means that the current pause may simply be temporary.
Crypto Crash Creates Reset, Not Reversal
Market experts say the recent crypto crash was driven by structural factors, rather than external shocks. These include forced liquidations, leverage imbalances and automated margin calls across exchanges.
“This was not another FTX moment,” Melker said “It was a structural reset that made traders reprice risk.”
Overall, despite a mild 0.6% decline so far this month, Bitcoin’s October track record is still a source of confidence. Data from CoinMarketCap shows that Bitcoin has finished October in profit in ten of the last twelve years.
This pattern supports the idea that the current lull could give way to another rally before the month’s end. If history repeats itself, Uptober might still deliver a strong finish for Bitcoin and the wider crypto market.
Gold Rally and Market Rotation Offer Positive Signs
Another factor supporting Bitcoin’s outlook is gold’s recent surge to an all-time high. Analysts often see this as a leading signal for crypto inflows. When investors rotate out of gold profits, they often move into Bitcoin to seek higher returns.
Melker pointed out this relationship: “If gold can rally that hard, imagine what happens when capital starts rotating back into Bitcoin.”
This dynamic may help fuel Uptober’s next leg higher, especially if traditional markets stay stable.
Policy and Trade Developments Help Ease Market Pressure
Last week’s crash also came amid worries about new trade tariffs between the United States and China. Those fears appear to be easing now, and a White House official confirmed that President Trump and President Xi Jinping are planning to meet soon.
JUST IN: 🇺🇸🇨🇳 President Trump & Chinese President Xi Jinping schedule meeting to discuss trade, White House Official confirms. pic.twitter.com/bUwEdJvw7j
— Watcher.Guru (@WatcherGuru) October 14, 2025
Analysts also believe monetary policy will continue to back digital asset growth.
They generally believe that further Federal Reserve rate cuts are in the pipeline.
Overall, the latest crypto crash was severe, but it did not destroy the underlying bullish setup.
Investors seem to be reallocating rather than panicking, which shows that market structure is still healthy.
