Bitcoin is on track to end October in the red for the first time in eight years, potentially breaking the 'Uptober' trend. Despite initial optimism driven by ETF momentum, the cryptocurrency has faced headwinds from macroeconomic pressures and regulatory uncertainties, which have stalled bullish sentiment. Traders are now turning their attention to November, hoping for a rebound during 'Moonvember.' Key factors that could influence Bitcoin's performance include upcoming U.S. economic data releases and developments in Bitcoin ETF approvals.