Bitcoin’s (BTC) September’s slide has an uncomfortable reminder for entrepreneurs whose history is not on their side.
The largest token by market capitalization has refused nine in the last 14 months of September, with an average monthly loss of almost 12%.
This periodic grew again in 2025. Bitcoin opened the week near $ 110,000, its weakest level to nearly two months, and the total capitalization of the crypto market slipped to $ 3.74 trillion, reaching a three-week low.
BTC prices have been flat in the past 24 hours, along with Solana’s Sol (Sol) Top Gains in 4%, XRP Posting 1% and Cardano’s ADA (Ada) rising 1.5%.
Entrepreneurs The combination of macro uncertainty, fragile emotion, and thinning volume leaves a little room for an error going to what history has become the hardest month on the calendar.
Technicals also do not inspire many confidence. Alex Kuptsianvich, chief analyst of the market at FXPRO, noted that the broader capitalization chart “continues to record a series of lower lows, signed a downward trend.”
He pointed out Bitcoin’s failure to hold $ 112,000 and warned “further denial towards $ 105,000 place,” a level that had long acted in support before the psychological $ 100,000 barrier.
The crypto fear index has slipped back to 40, the lowest since April, suggesting nerves rising before they completely break down.
In 2017, Bitcoin dropped nearly 8% in September despite the euphoric rally that brought it to $ 20,000 later that year. In 2019, the token disappeared nearly 14% in September, for months of sideways action.
Even in the latest rotation, September 2021 and 2022 both have seen steep drawdowns, reminding entrepreneurs that liquidity and macro jitters often coincide with the end of the tag -day.
This year, those headwinds can be seen in ETF flows. After steady accumulation by most of August, Bitcoin ETF spots in the US recorded net outflows of $ 440 million last week.
The Ether ETF, which was just launched last year, posted more than $ 1 billion in flow, marked a rare bright spot but a sign that capital could rotate rather than growing the general.
Meanwhile, cryptoquant data shows ETF spots that are now absorbing more than 1.3 million BTCs, about 6% of the total supply, putting them in the largest exchange for market sharing.
The risk is that the support levels will break before the macro relief arrives. Non-farm payrolls since Friday are expected to show only 45,000 new jobs, proving a slow US manufacture market.
A soft print will strengthen the case for a September cutting rate from the Fed, a catalyst that can flip emotions back to risk. Until then, entrepreneurs pay for the downside hedges.
Options data shows the strongest demand for those in the weeks, with a steady skew seating, FXPRO’s Kupsianvich noted, calling for caution to intra-day entrepreneurs.
