“Doge Led Losses Among Major Tokens with A 4.5% Slide in the Past 24 Hours Ahead of The Labor Day Holiday in the Us”, – WRITE: www.coindesk.com
The MONTH HAS BEEN The WEAKEST FOR BTC ON AVERAGE, TO MEDIAN DECLINE OF APPROXIMATELY 5% AND an AVERAGE LOSS OF AROUND 6% OVER The PAST 12 Years of Market Data.
Some Point Out Microstrategy’s Prerategy’s Bitcoin Is Slipping at the Same Time September’s Seasononal Weakness Looms. Nick Ruck of Lvrg Research Warns this Reflects Deeper Doubts About the Company’s Treasury-Heavy Strategy.
“Microstrategy’s Recent Struggle to MainTain ITS BITCOIN Premium Reflects a Broader Market Shift Where Investors Are Questioning The Sustainability of Corporate Treasury Focussed. Dynamic that could be exacherbated by September’s Historically Bearish Trend for Crypto Assets, ”Nick Ruck, Director at LVRG Research.
“This conling apetite underscores a matpto markets, whore structural vulnerabilites Added.
With Fed Rate-Cut Bets Building Into September, A Dovish Turn Could Soften the Seasonal Drag. Conversely, Fresh Etf Outflows or Another Equity Selloff Could Reinforce the Historical Pattern and Push BTC Town $ 100,000 Support.
Meanwhile, Ether (ETH) Fell 1.7% to $ 4.390, While Solana’s Sol (Sol) Droped 3.4% to $ 197.6. Xrp Xrp$ 2.8127 SLID 4.3% TO $ 2.72 and Dogecoin Doge$ 0.2172 Retreated 4.2% to 21 CENTS, Extending Last Week’s Gains Into Reversals.
Since 2013, Bitcoin Has Closed Red in September Eight Out of Twelve Times, with Brutal DrawDowns Like 2019’s 13% Slide and 2014’s 19% Slump. Even Dringing Bull Cycles, Rallies have Teced to Stall. The Lone Bright SPOTS WERE 2015, 2016, and 2023, with Gains Ranging from 2% to 7%.
That constability of have Led Traders to Treat September ALMOST AS A Seasonality Trade. Seasonality Refers to the Tendency of Assets to Exhibit Regular and Predictable Fluctuations that recur throughout the calendar year.
While It May Appear Random, Possible Reasons Range from Profit-Taking AROUND TAX SEASON IN April and May, WHICH CAN CAUSE DRAWDOWNS, TO THE GENERALLY BULLISH ” Increased Demand.
The pattern isn’s unique to crypto, as equities also show weakness around this time of year; However, BTC’s Sharper Volatility Makes It Stand Out.
Read More: Gold’s Rally Has A Big Catalyst, and It Could Help Bitcoin Too
The Solvbtc-BTC Secure Exchange Rate Feed Combines Exchange Rate Calculations with Real-Time Proof of Reserves, Offering A Robust On-Chain Redemption Rate.
- Solv Protocol Has Partnered with Chainlink to Integrate Real-Time Verification of BTC Reserves Into ITS Solvbtc Price Feed, Enhance Transparency and Trust.
- The Solvbtc-BTC Secure Exchange Rate Feed Combines Exchange Rate Calculations with Real-Time Proof of Reserves, Offering A Robust On-Chain Redemption Rate.
- This New Mechanism is Designed to Make Solvbtc Resistant to Manipulation and Safer for Use in Decentralized Lending Markets, Such As Aave.
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