In October, Bitcoin recorded its first October loss since 2018, with the overall cryptocurrency market significantly underperforming traditional risk assets. Despite this weakness, the top 30% of quantitative fund portfolios achieved an impressive annualized return of 35.4%, substantially outperforming Bitcoin. The Hedging Investment-USDT strategy stood out, delivering a positive 5% return even as Bitcoin declined more than 5.5% during the month. Overall drawdowns across quantitative funds remained minimal, with the USDT strategy’s maximum drawdown at just 0.01%. Looking ahead to November, macro liquidity conditions and policy expectations are expected to continue driving market direction, while the crypto market may remain in a “high-volatility, low-trend” consolidation phase.
- Market Review: Uncertainty over a potential December rate cut intensified, with Bitcoin recording its first October loss since 2018 and Ethereum continuing its downward channel. Privacy coins led the market gains against the trend. Meanwhile, CME Bitcoin futures open interest reached an all-time high, indicating abundant market liquidity. Overall, the crypto market significantly underperformed traditional risk assets.
- Gate Private Wealth Product Performance: The market’s decline and volatility in October favored a “low-price buy-in” dual-currency investment strategy, which helps reduce risk while generating stable interest income. In late September, Gate launched several on-chain earning incentive programs. In quantitative funds, USDT and BTC strategies recorded annualized returns of 14.5% and -0.2%, respectively, maintaining steady performance. The Hedged Smart-Invest USDT product stood out in October, significantly outperforming Bitcoin.
- Outlook: Looking ahead to November, macro liquidity and policy expectations will continue to drive market trends. The crypto market is expected to remain in a high-volatility, low-trend consolidation phase. Meanwhile, AI, DePIN, and payment & identity sectors may attract short-term capital focus in the absence of a clear market narrative.
Discover more details today → Gate Private Wealth Management Monthly Report—October 2025
Disclaimer
Investing in cryptocurrency markets involves high risk. Users are advised to conduct their own research and fully understand the nature of the assets and products before making any investment decisions. Gate is not responsible for any losses or damages arising from such decisions.
Gate Team
November 13, 2025
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