Bitcoin reaches a new all-time high near $126,223 on October 6, 25

In October 2025, Bitcoin experienced significant volatility, marking a pivotal month in its 2025 performance.
Early Surge and New All-Time HighBitcoin started strong, breaking out from September consolidation and reaching a new all-time high around $125,000–$126,000 in the first week, peaking near $126,223 on October 6. 
This surge was driven by:

• Robust inflows into U.S. spot Bitcoin ETFs (including record daily inflows exceeding $1 billion).
• Institutional demand.
• Seasonal "Uptober" optimism.
• Broader macro tailwinds like expectations of favorable regulation.

Sharp Crash and DeleveragingThe rally reversed dramatically around October 10, with Bitcoin plunging to lows around $105,000 (and briefly lower). Key triggers included:

• A geopolitical or policy shock — specifically, U.S. President Trump's announcement of new tariffs on Chinese imports and threats of export controls on critical software, reigniting trade war fears.
• This sparked massive liquidations (over $19 billion in leveraged positions wiped out, one of the largest deleveraging events in crypto history).
• Broader risk-off sentiment in markets.

The crash broke Bitcoin's streak of positive Octobers ("Uptober"), making it the worst-performing October in years (down ~4–15% for the month, depending on exact close, ending around $109,000–$110,000).Aftermath and Market ImpactThis event contributed to a broader pullback, with Bitcoin trading ~30% below its October peak by December 2025 (around $88,000–$90,000 as of late December). It highlighted Bitcoin's growing correlation with equities and sensitivity to macro risks, while also signaling potential exhaustion in the post-2024 halving bull cycle for some analysts.Overall, October 2025 shifted from euphoria to a major correction, ending hopes for a sustained year-end rally in 2025.