Bitcoin declined 5% so far this month, hovering around $107,000, marking its worst October performance in 10 years. Over $1.2 billion in leveraged positions were liquidated last week as traders unwound long bets. Analysts attribute the slide to profit-taking after record ETF inflows and rising US yields. Despite the pullback, institutional activity remains high, and fundamentals signal resilience ahead of the next halving cycle in April 2026.