Halfway Through October, Bitcoin Is Down for the Month. Uptober Has Failed Only Twice Since 2013.

Bitcoin's famous October winning streak has survived over a decade of market chaos, but last year it finally cracked. With prices already sliding in 2026, traders are watching closely to see whether a cherished crypto calendar pattern becomes a relic.

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As we reach the midpoint of October 2026, Bitcoin (CRYPTO:BTC) has dropped roughly 4%, putting its annual “Uptober” trend at risk once again. As of October 12, Bitcoin is trading around $83,400, down from its September close of nearly $87,000.

Crypto traders often call October “Uptober” because Bitcoin typically finishes the month with gains. Since 2013, it has closed with losses only twice before 2025: in 2014 and 2018. However, last year proved the trend could break, as Bitcoin ended October 2025 below its starting price.

So, what does this record mean for the remainder of October 2026? Is “Uptober” just a catchy name, or is there more to it?

Bitcoin’s Uptober Record Rests on a Small Sample

The impressive record of positive October performances has garnered attention over the years. Bitcoin’s positive months have consistently outnumbered negative months over about a dozen years, contributing to the nickname’s popularity.