Bitcoin started October extremely strong. BTC reached a new ATH around $126,200–$126,000 in the first week. Then the market reversed sharply.
On October 10, 2025, a major risk-off event triggered an enormous crypto liquidation wave. CoinGecko reported roughly $19 billion in liquidations in one day, one of the largest liquidation events in crypto history.
BTC subsequently dropped toward the $103K–$104K area, while ETH also suffered a significant decline. By the end of October, BTC had fallen roughly 5% for the month, breaking its long-running pattern of positive October performance.
Why your warning makes sense
The important lesson isn’t “October = dump.” It’s:
Strong green candles → traders become confident → leverage increases → a sudden catalyst can cause liquidations → selling accelerates.
That’s why your point about “without selling, price can’t keep going up” is useful. Markets need profit-taking and corrections. A few green days don’t automatically mean BTC must continue higher.
But there is an important difference today
As of August 21, 2026, BTC has just experienced a very strong move. Recent reports say BTC pushed above $70K and toward $73K, while ETH also rallied strongly. The move has been supported by Treasury-market developments and positive crypto-policy news.
So I would not say a $72K → $67K correction is guaranteed.
I’d frame it as a risk scenario:
🟢 BTC holds above the recent breakout: bullish continuation remains possible.
🟡 BTC reaches ~$72K–$75K and gets rejected: profit-taking/correction becomes more interesting.
🔴 BTC loses ~$70K decisively: downside toward the upper-$60Ks becomes more plausible.
⚠️ Heavy leverage + sudden negative news: liquidation can make the move much faster than expected.
And remember: $72K is already being tested/reached in the current move, so your original “first 72K” target is no longer a distant target. The key question now is whether BTC can hold above that area, not simply touch it.
My view: don’t short simply because BTC has been green for two days. Wait for confirmation—especially a rejection or breakdown. If you’re trading with a small balance, protecting the balance is more important than catching every move.