As October winds down with only ten days left on the calendar, optimism is already shifting toward November, historically one of Bitcoin’s strongest months. According to on-chain data shared by market analyst Ash Crypto, Bitcoin has averaged a remarkable +38.5% gain in November, making it the most bullish month in its seasonality chart.
The data shows that Bitcoin’s late-year rallies have often followed quiet or indecisive Octobers. While traders have coined this month “Uptober” for its tendency to bring upside momentum, November has statistically delivered the biggest moves, often acting as the true breakout phase before year-end.
Ash Crypto’s chart highlights several key takeaways: April and November consistently show the highest average returns for Bitcoin, at +32.8% and +38.5%, respectively, while September historically lags with negative performance. This trend suggests that even when markets appear stagnant heading into the fourth quarter, Bitcoin often stages its strongest reversals in the weeks that follow.
Traders are now eyeing November as a potential catalyst period, especially as macro factors like rate cut expectations, ETF inflows, and growing institutional participation continue to shape sentiment. If history repeats itself, November could set the tone for a renewed bull leg heading into 2026.
Despite short-term volatility, seasonality remains one of the most compelling narratives for Bitcoin holders. As Ash Crypto summed it up: “If you’ve lost hope for Uptober, remember, November has historically been Bitcoin’s month.”