October has long carried a reputation as crypto’s lucky month. Traders even call it Uptober a time when the market tends to rally after months of sideways movement. Optimism was high heading into October 2025. Many expected history to repeat itself.
Then, the unthinkable happened. The market flipped from excitement to panic almost overnight. Altcoins plunged, portfolios turned red, and the long-standing “Uptober” narrative crumbled before everyone’s eyes.
The sudden change caught everyone off guard. Our Crypto Talk, a well-known market analyst, called October one of the bloodiest months in crypto history. He explained how fast the market flipped from excitement to total collapse.
What you'll learn 👉
How the Market Went from Euphoria to Liquidation
According to Our Crypto Talk, the trouble began just as confidence peaked. He pointed out that Bitcoin had broken to a new all-time high around $126K earlier in the month, fueling massive optimism. Yet, within days, the setup unraveled.
A series of technical glitches including oracle failures linked to major exchanges triggered a wave of forced liquidations. Bitcoin crashed sharply to about $102K, wiping out an estimated $19B across leveraged positions. It was the largest single liquidation event the crypto market had ever seen.
By the month’s close, Bitcoin had lost roughly 4–7%, ending near $109K. Ethereum dropped 7%, Solana slid 11%, while altcoins suffered far deeper losses. Our Crypto Talk highlighted that Sui fell about 28%, Arbitrum (ARB) tumbled around 30%, and the total crypto market shed more than $370B in value at the lows.
He described it as the first red October since 2018, a stunning reversal for a month that traders usually associate with gains.
UPTOBER LIED.
— Our Crypto Talk (@ourcryptotalk) October 31, 2025
For years, October’s been the bullish month for crypto.
BTC was green in 9 of the last 10 Octobers, averaging +22%.
2025 was supposed to be another victory lap.
Instead… it turned into Downtober.
> from hype to heartbreak
> from euphoria to liquidation
> from… pic.twitter.com/4wJq85Fmxv
Why Altcoins Like SUI and ARB Were Hit So Hard
Our Crypto Talk noted that Bitcoin’s downturn triggered a broader chain reaction across altcoins. As panic spread, investors fled to safety, pulling liquidity out of smaller-cap projects. This flight to stability left assets like SUI and ARB exposed to extreme volatility.
Sui, which had been gaining traction through its expanding DeFi ecosystem, and Arbitrum, praised for its strong Layer-2 adoption, both saw their gains wiped out in days. The analyst explained that it wasn’t necessarily about weak fundamentals. Instead, it was the natural effect of fear and leverage unwinding after an overheated rally.
He emphasized that altcoins always feel the pain first when liquidity tightens and recover last when it returns.
When the Crypto Market Could Start Recovering
Despite the chaos, Our Crypto Talk believes the setup for a rebound could already be forming. He explained that big market drops often happen before new liquidity enters from central banks or large investors.
The analyst sees a key moment around December 1, when the U.S. Federal Reserve plans to restart quantitative easing. This move could add new liquidity and spark more risk-taking, lifting Bitcoin first.
If that happens, Bitcoin could lead the recovery. Altcoins like SUI and ARB might follow between mid-December and early January as money flows back into the market.
What the October Crash Could Mean for Altcoins Going Forward
While many traders are still nursing losses, Our Crypto Talk suggested that October’s crash might serve as a healthy reset. Periods of capitulation often clear out excessive leverage and restore balance, creating a stronger foundation for the next market leg.
The analyst pointed out that assets with solid ecosystems, like SUI and ARB, could benefit once liquidity returns, especially if their ongoing developments continue to attract attention. However, he cautioned that recovery won’t be immediate, it will likely unfold gradually as sentiment and trust rebuild.
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He mentioned lastly that patience remains the most valuable asset in crypto. October may have betrayed expectations, but if history is any guide, the pain could eventually pave the way for the next major rally.
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