The price of bitcoin (BTC) walks around $ 107k as the weakest month for crypto begins
Bitcoin Enter September trade near $ 107,000, but history is not next to it.
The moon is the weakest for BTC on average, with a median refusal of approximately 5% and an average loss of nearly 6% in the past 12 years of market data.
Some have pointed out the premium of microstrategy in bitcoin has slipped at the same time of the Pan -time weakness of September. The Nick Ruck of LVRG Research warns that this reflects deeper doubt about the strategy that the company’s ark is heavy.
“The recent microstrategy struggle to maintain its bitcoin premium reflects a broader market shift in which investors are discussing maintaining corporate treasury models only to accumulate crypto, a dynamic -changing -chang LVRG Research.
“This cooling appetite emphasizes a maturation in crypto markets, where structural weaknesses and competitions are forcing the re -evaluation of what truly drives long -term value beyond the proxies of bitcoin,” Ruck added.
With the formation of the fed rate-cut building in September, a dovish turn can soften periodic drag. Conversely, fresh ETF flows or another Equity Selloff can boost the historical pattern and push BTC towards $ 100,000 support.
Meanwhile, Ether (Et) fell 1.7% to $ 4,390, while Solana’s Sol (Sol) dropped by 3.4% to $ 197.6. XRP Slid 4.3% to $ 2.72 and Dogecoin Return 4.2% to 21 cents, extending the acquisitions last week on returns.
Since 2013, Bitcoin closed the red in September eight to twelve times, with a brutal drawdown like the 13% slide of the 2019 and 19% fall of 2014. Even in the bull cycles, rallies tend to stall. The one -sized bright spot was 2015, 2016, and 2023, with the acquisitions from 2% to 7%.
That similarity has led to entrepreneurs to treat September almost as a trading -time trade. The time -time refers to the tendency of the genitals to show regular and predictable shock -changing repetition throughout the calendar year.
While this may appear randomly, the possible factors are from obtaining revenue around the tax period in April and May, which could cause drawdowns, to the general bullish “Santa Claus” rally in December, a sign of increasing demand.
The pattern is not unique to crypto, as the equities also show weakness around this time of year; However, the volatility of BTC makes it stand out.
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