Bitcoin had its worst October performance since 2018 as traders became cautious. ETF outflows returned as derivatives traders hedged risks. Bollinger Bands data indicated that BTC price volatility is set to make a comeback. BTC traded around $110,000 on Saturday, with sell pressure causing losses and weak demand. Glassnode noted rising sell pressure and weak institutional demand, with outflows totaling $191 million on Friday. The Fed’s interest rate cut did not boost optimism, with traders remaining cautious. To see momentum, BTC price must decisively cross $107,000 or $116,000.

The October monthly candle saw BTC/USD with a disappointing 3.7% loss, the worst since 2018. November is Bitcoin’s best-performing month historically, with an average 42.5% upside. Commentators suggest that record volatility is on the way, with Bollinger Bands reaching extreme levels. Market participants have been monitoring Bollinger Band narrowing for a potential big move. John Bollinger warned of imminent volatility for Bitcoin and major altcoins.

Read more at Cointelegraph: Bitcoin Bollinger Bands Demand Record Volatility After 3.7% October Dip