Bitcoin Enter in September, negotiating nearly $ 107,000, but the story is not on its side.
The month was the lowest for the BTC on average, with a median decrease of approximately 5% and an average loss of approximately 6% in the last 12 years of data on the market.
Some underline the microstrategy bonus on Bitcoin slides at the same time as the seasonal weakness of September is looming. Nick Ruck of LVRG Research warns that this reflects deeper doubts about the heavy strategy of the company.
“The recent microstrategy struggle to maintain its Bitcoin premium reflects a broader change of market where investors question the sustainability of business cash models focused only on the accumulation of crypto, a dynamic that could be exacerbated by the historic trend of September for cryptographic assets”, Nick Ruck, director of LVRG.
“This cooling appetite highlights maturation on cryptographic markets, where structural vulnerabilities and competition force a re-evaluation of what really leads to long-term value beyond simple Bitcoin proxies,” added Ruck.
With Fed rates in September, a dominable tour could soften seasonal trail. Conversely, fresh FNB outputs or another equity sale could strengthen the historic model and push BTC to support of $ 100,000.
Meanwhile, Ether (Eth) dropped from 1.7% to $ 4,390, while Solana soil (GROUND) fell 3.4% to $ 197.6. Xrp Slipped from $ 2.3% to $ 2.72 and Dogecoin fell 4.2% to 21 cents, extending last week’s earnings in inversions.
Since 2013, Bitcoin has closed the Red in September in September out of twelve times, with brutal prints such as slide 13% in 2019 and the 19% crisis in 2014. Even during bull cycles, gatherings tended to stall. The only light points were from 2015, 2016 and 2023, with gains ranging from 2% to 7%.
This consistency led merchants to treat September almost as a seasonality business. The seasonality refers to the trend of assets to present regular and predictable fluctuations which reproduce throughout the calendar year.
Although it may seem random, the possible reasons range from taking the profits around the tax season in April and May, which can lead to withdrawals, at the “Santa Claus” rally in December, a sign of increased demand.
The model is not unique at the crypto, because actions also show weakness at that time of the year; However, the clearer volatility of BTC brings it out.
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