Crypto: Bitcoin’s Real ‘uptober’ Moment Might Start In February: ’s Why
Data shows February tends to be one of BTC’s best performing months, leading Bitcoin network economist Timothy Peterson to dub it the real “Uptober” event. Will history repeat?
Bitcoin’s (BTC) monthly gains have been limited to just 2.2%, but February could mark a bullish shift. Since 2016, the week ending Feb. 21 has recorded the highest median return at 8.4%, with Bitcoin closing higher 60% of the time.
February has delivered a median 7% weekly BTC return historically, outperforming October’s seasonal strength.
Early-February performance has reliably flagged bearish periods, with 2018, 2022 and 2025 all setting the tone within the first three weeks.
Network Economist Timothy Peterson highlighted that February has historically been one of Bitcoin’s most consistent bullish months, often surpassing the well-known “Uptober” effect in Q4. According to Peterson, the driver is macroeconomic-related rather than crypto-specific.
Mid-February marks the release of full-year corporate earnings and forward guidance, which tends to be optimistic. This outlook typically nudges investors toward a risk-on posture, with some capital rotating into Bitcoin. Peterson said,
Peterson also noted that the first three weeks of February have been particularly telling during correction years. Bitcoin gained 4% in early 2018, fell 3% in 2022 and declined 5% in 2025, all years that ultimately closed lower.
With volatility elevated but easing, Peterson argued that Bitcoin could be well-positioned for a rebound if macroeconomic stress indicators, such as the CBOE’s volatility index (VIX), cool off.
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Bitcoin researcher Sminston With remains bullish on BTC’s long-cycle potential. Using the Bitcoin Decay Channel, With placed Bitcoin’s 2026 top price between $210,000 and $300,000, noting that while the model does not predict timing, its price bands have historically been reliable.
Source: CoinTelegraph
