Matrixport: Historical June Bitcoin Average Return Stands at Only 1.9%, Signifying High Volatility

BlockBeats News, June 2nd, Matrixport released its daily chart analysis, stating that historical data shows June is usually one of the months with relatively flat Bitcoin performance and high volatility, with an average return of only 1.9% and a 50% upward probability.

In contrast, October, as the strongest month for Bitcoin's seasonal performance, shows a more prominent advantage. Last year's market trend provided an important reference point: Bitcoin fell by 7.1% in June, although there was a slight rebound of 3.1% in July, followed by another 8.7% decline in August.

Based on the weakened seasonal momentum, Matrixport adjusted to a more cautious trading strategy last week. Current data and market performance both align with this assessment.