Uptober began with a bang as BTC added over $15,000 in simply days, blasted by its August 2025 all-time excessive, and charted a brand new one at simply over $126,000.
Nonetheless, it has been principally downhill since then, particularly previously 8 days. In truth, BTC misplaced over $23,000 within the span of per week earlier than it recovered barely to $107,000 as of press time. Nonetheless, it’s down by almost $20,000 since its October 6 peak. The query, which has garnered some consideration within the cryptocurrency group now, is whether or not the highest for this bull cycle is in.
PlanB raised it in a current ballot, and the outcomes confirmed that 68% of the 36,089 voters consider this isn’t the case and BTC has extra room to develop throughout this cycle.
32% thinks $126k was the highest
63% thinks bitcoin will drop under $100,000
68% thinks 2026 might be a bear marketHowever why? Are you able to please clarify to me your reasoning behind a giant drop and/or a bear market from right here (ideally with knowledge and charts)? pic.twitter.com/rzCZanpTtg
— PlanB (@100trillionUSD) October 18, 2025
Nonetheless, a earlier ballot by the favored Bitcoin commentator and the particular person behind the BTC Inventory-to-Circulate mannequin indicated that 62.9% of 30,833 voters consider the cryptocurrency will ultimately drop under the coveted $100,000 mark. As such, he requested what folks’s reasoning is behind a major drop or a bear market from right here.
Whereas some relied on historic performances to attempt to decide how lengthy after a halving BTC peaks, others introduced up liquidity structure. Adlegoff84 mentioned BTC’s worth “now not displays natural demand; it displays the timing of institutional liquidity operations.”
“ETFs and custodial merchandise rebalance by managed provide absorption. Derivatives amplify that by perpetual funding and delta-neutral hedging. Central-bank liquidity coverage units the tempo. I consider what folks name “bear market threat” is usually liquidity rotation: revenue extraction earlier than capital redeployment. Charts seize motion. Liquidity reveals motive,” they added, to which PlanB “agreed 100%.”
I agree 100%: it’s all about rebalancing and rotations (and mandates), and would certainly that may be very bullish. I’d like to see these rotations/rebalancing in a chart (however in fact that may be very tough as a result of we wouldn’t have the information).
— PlanB (@100trillionUSD) October 18, 2025
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