Bitcoin and Ethereum experienced declines in October, with Solana and other major altcoins seeing double-digit losses. According to CoinGlass, top cryptocurrencies fell by 4% this month, significantly below the historical average return of 19.84%. On-chain metrics from CryptoQuant indicate the market remains in a correction phase. Bitcoin struggled to surpass the $113,000 mark, dropping to approximately $108,400 on Tuesday. SynFutures' Wenny Cai highlighted that intraday volatility reflects a cautious market sentiment, balancing optimism about institutional adoption against concerns over tightening global liquidity.