K33: Bitcoin may fall below $100,000 in September

Vetle Lunde, head of research at K33, noted in a recent report that overlooked macroeconomic catalysts could shake the market out of its "comfortable slump" near all-time highs, triggering a new round of selling pressure that could drag Bitcoin prices below $100,000. Historical data shows that since 2011, September is the only month in which Bitcoin's average return has been negative, at -4.6%. Vetle Lunde added that new macroeconomic headwinds are exacerbating bearish sentiment. Although a federal appeals court ruled that the full tariffs reinstated in early August were illegal, these tariffs remain in effect, with their implementation delayed until mid-October. (The Block)