[On This Day in History: Bitcoin Pulls Back After Hitting a New High] Jin10 Data, October 7 — On this day in history, Bitcoin experienced a pullback due to profit-taking after reaching an all-time high in the previous trading session. According to data from the London Stock Exchange Group, the rally at the time was driven by institutional demand, favorable macroeconomic conditions, and seasonal momentum. During the week ending October 3 of that year, Bitcoin spot ETF inflows reached $3.2 billion. Deus X Pay Trading Director James Madden pointed out that market expectations of a Federal Reserve rate cut and the increased correlation between Bitcoin and gold amid the U.S. government shutdown were key supporting factors. Additionally, historical data shows that Bitcoin typically performs strongly in October.