Déjà Vu: Another Early-Month Bitcoin Sell-Off Looming? $5 Billion ETF Inflows Just Arbitrage Plays?
Bitcoin experienced sharp declines of 12%, 15%, and 9% in early July, August, and September.
👇1-12) Bitcoin's 10.9% October rally has traders on edge, anticipating a potentially weak start to November, a pattern seen in recent months. With October ending on a 2% drop, concerns are heightened by shifting U.S. election odds and mutual fund portfolio rebalancing at the fiscal year-end, which often pressures stock prices.
👇2-12) Bitcoin tends to experience sell-offs from the 28th to the 7th of the following month. Bitcoin experienced sharp declines of 12%, 15%, and 9% in early July, August, and September, while the early October drop was a more modest 5%. This persistent pattern has fueled anxiety as November begins, especially with U.S. election polls showing a slight decrease in Trump’s winning odds on Polymarket, slipping from 67% to 64%, adding to market uncertainty.
Bitcoin performance during the month
