Bitcoin is exhibiting its characteristic seasonal pattern with August and September historically marking periods of weakness, having recorded losses in 8 of the past 12 years. Market analysts note cryptocurrencies frequently experience heightened volatility during these months, with related assets typically mirroring Bitcoin’s movements.
Despite this recurring trend, current market sentiment remains firmly bullish. The Crypto Fear & Greed Index registers at 72, well into ‘greed’ territory, reflecting strong investor confidence. This optimism persists even as historical data suggests potential headwinds during the current seasonal window.
Industry experts attribute the sustained positivity to fundamental factors. MicroStrategy’s Michael Saylor continues championing Bitcoin’s long-term value proposition, while former BitMEX CEO Arthur Hayes emphasizes macroeconomic influences – including spot Bitcoin ETF inflows and Federal Reserve policies – as key price catalysts. Institutional confidence remains robust, evidenced by steady ETF inflows and endorsements from financial leaders that counteract typical seasonal pressures.