Bitcoin Could See ‘Downtober’ Slump as Gold Rallies and CZ Responds to Peter Schiff

  • “Downtober”: Bitcoin is on track for one of its weakest Octobers in 2025

  • CZ weighs in: Binance CEO Changpeng Zhao highlights long-term gains since Bitcoin’s inception

  • Price data: Bitcoin down ~14% from its Oct. 6 record high of $126,080 (CoinGecko)

Bitcoin October downturn: Coverage of the October price pullback, expert reactions, and gold’s rally—read latest analysis from COINOTAG and stay informed.

What is the Bitcoin October downturn?

Bitcoin October downturn refers to the pronounced pullback in October 2025 when BTC gave up gains made earlier in the month, falling more than 14% from an Oct. 6 peak of $126,080. The move coincided with broader equity weakness and renewed banking-sector concerns, pressuring risk assets.

Why has Bitcoin fallen in October 2025 and is this linked to gold’s rally?

Market stress in the banking sector and a correlated drop in US equities triggered risk-off flows that hit Bitcoin alongside stocks. At the same time, gold’s rally—with spot prices approaching $4,300—has attracted safe-haven demand. CoinGecko price series and market-volume indicators show increased selling during equity market weakness. Financial commentator Peter Schiff highlighted the divergence, calling the downturn “brutal” and urging “hodlers” to buy gold, while Binance CEO Changpeng Zhao pointed out Bitcoin’s long-term appreciation from near zero to six-figure levels over 16 years.

Market context and data

October historically can be a strong month for Bitcoin, but in 2025 the calendar pattern reversed. According to CoinGecko data, Bitcoin reached an intramonth record high of $126,080 on Oct. 6 and has since traded down roughly 14% from that peak. On the most recent trading day, BTC declined an additional 3.2% amid a broader pullback in US equities.

Gold, by contrast, recorded fresh highs in October and traded near $4,300 as investors sought a perceived safe haven. Official commodity-price series and exchange-traded product flows registered heightened interest in bullion, supporting the metal’s advance. COINOTAG and other market reports documented gold’s run earlier in the month.

Authority, expert reaction and sources

COINOTAG reporting compiled market statistics from CoinGecko and on-chain metrics. Financial commentator Peter Schiff — long-time Bitcoin skeptic — publicly characterized the current BTC weakness as evidence supporting a shift to precious metals, using the words “brutal” and urging “hodlers” to buy gold. Binance CEO Changpeng Zhao responded on social platforms by reminding audiences of Bitcoin’s long-term trajectory, noting the asset’s rise from cents to six figures over 16 years. These perspectives illustrate the divide between macro commentators and industry leaders.

Frequently Asked Questions

Is the October pullback indicative of a long-term bear market for Bitcoin?

Short-term pullbacks do not by themselves indicate a structural bear market. The October decline in 2025 reflects a correlated sell-off with equities and idiosyncratic banking concerns; long-term trend assessment requires months of price, volume, and on-chain activity data.

How much has Bitcoin dropped so far this October?

Bitcoin is down approximately 4.7% during October to date and roughly 14% from its Oct. 6 record high of $126,080, according to CoinGecko data referenced in COINOTAG reporting.

Why is gold outperforming Bitcoin right now?

Gold’s outperformance stems from safe-haven inflows and inflation-hedge demand as investors respond to perceived banking-sector stress and equity weakness. Spot gold nearing $4,300 reflects real-money and speculative buying concentrated in October 2025.

Key Takeaways

  • Downtober impact: October 2025 marks a notable pullback for Bitcoin after an early-month record high, driven by cross-asset risk-off sentiment.
  • Macro correlation: Declines were contemporaneous with US stock weakness and elevated concerns about the banking sector, increasing correlation across risk assets.
  • Market views: Voices diverge—Peter Schiff frames the move as validation for gold, while Changpeng Zhao highlights Bitcoin’s long-term gains; traders should weigh both market data and strategic time horizons.

Conclusion

COINOTAG reporting on the Bitcoin October downturn shows that the price decline in mid‑October 2025 was driven by a combination of macro risk-off flows and investor rotation into safe havens such as gold. Market participants should monitor liquidity indicators, equity performance, and on‑chain metrics for a holistic view. For continuing coverage and data-led analysis from COINOTAG, follow our updates and official price-series summaries.

Published: October 16, 2025 — Updated: October 16, 2025 — Author: COINOTAG

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