A CryptoQuant report indicates that Bitcoin's return in October 2026 is -4.2%, below the October average of 18.1% since 2020. Bitcoin closed at $83,567 in September and fell to $80,051 on October 25. Spot demand for Bitcoin has been negative daily since October 14, with a cumulative apparent demand of -76,000 BTC as of October 25. US investor buying interest is weak, with the Coinbase premium falling to -0.146 on October 24, compared to an October average of -0.093. Trader profitability has dropped from 33% to 8%, with most of the buffer provided during the September decline exhausted.
