October's Historical Gains: Bitcoin Averages 20% Return
October has historically been a month of significant gains for Bitcoin, according to data from CoinGlass. The chart shows that Octobers have averaged an increase of about 20% in the past. This phenomenon is often referred to as 'Uptober.'
The term 'Uptober' was coined by combining the words 'up,' meaning a rise, and 'October.' It describes the positive expectations for October in the crypto market. CoinGlass published a chart on September 29 that highlighted this trend.
The chart includes data from 2013 to 2026 and shows that October has the highest median return among all months. The median is the middle value when annual returns are arranged from lowest to highest. This makes it less affected by extraordinary surges in a single year, unlike the average.