Seasonal Trends in Bitcoin Performance Highlighted by Top Trader

According to BlockBeats, on September 27, top trader Eugene Ng Ah Sio shared insights on social media about the significance of seasonal trends in influencing market sentiment. As the end of September approaches, historical data shows that since the inception of Bitcoin (BTC), the market has never experienced a scenario where a rise in September is followed by a decline in October. Over the past 11 years, BTC has only closed lower in October twice, regardless of September's price movements. While this data point may not hold intrinsic value, it could become a self-fulfilling prophecy if enough market participants interpret it as a buy signal.