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Bitcoin faces pressure as October losses deepen and November sell-off fears rise amid rising oil prices and rate hike odds.

Market News
24 Oct 2026
AMBCrypto
View Source
Bearish
Bitcoin faces pressure as October losses deepen and November sell-off fears rise amid rising oil prices and rate hike odds.

Bitcoin has dropped over 3.5% in October, nearing last year's decline, with concerns growing about a potential repeat of the sharp November 2025 sell-off when BTC fell over 17%. Institutional investors are pulling out from Bitcoin ETFs, recording significant outflows, signaling caution ahead of November. Rising U.S. rate hike odds and climbing oil prices, which may fuel inflation, add macroeconomic pressure on Bitcoin. These factors combined suggest increased selling pressure and uncertainty for Bitcoin in the coming months.

As of October 25, 2026, Bitcoin trades at Rp1.454.897.249 on Pluang, showing a 0.92% decline in the last day. The platform records a market cap of Rp29.262,1 trillion and a 24-hour trading volume of Rp419,79 trillion. Despite the recent drop, the typical hold time on Pluang remains steady at 112 days, indicating some investor confidence amid uncertainty.

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