Viewpoint: Bitcoin’s monthly lows have often formed in the first 10 days for more than a year, and may have bottomed out this month

According to BlockBeats, on September 12, Oliver Knight, deputy editor-in-chief of CoinDesk Data and Tokens, said that Bitcoin may have bottomed out on September 1, when the low was about $107,000. Since July 2024, Bitcoin often forms the low point of the month in the first 10 days of each month. Although February, June and August 2025 are exceptions and the low point appears later, the market also experienced a pullback in the first 10 days before the trend resumes. It is speculated that it may be related to the rebalancing of institutional portfolios and the concentration of key macroeconomic events at the beginning of the month. Oliver Knight said that multiple futures and options markets expire at the end of each month or early next month, which may trigger short-term volatility and cause trading activity to be sluggish as traders choose to roll out or re-layout. While historical performance cannot ensure the future, the fourth quarter has historically been the strongest period of Bitcoin, with an average return of 85%, especially in October, and a decline of just two months since 2013.