Viewpoint: Bitcoin's monthly low has often been established in the first 10 days over the past year, suggesting that this month's bottom may have already been reached

BlockBeats News, September 12th. CoinDesk's Data and Token Co-Editor Oliver Knight suggested that Bitcoin may have hit bottom on September 1st, with a low of around $107,000. Since July 2024, Bitcoin has tended to form the monthly low within the first 10 days of the month. Although February, June, and August 2025 were exceptions with later lows, the market experienced a pullback in the first 10 days before resuming its trend. This pattern may be related to institutional portfolio rebalancing and the concentration of key macroeconomic events at the beginning of the month.

Oliver Knight pointed out that multiple futures and options markets expire at the end of each month or the beginning of the following month, potentially causing short-term volatility and reduced trading activity as traders opt for rollovers or repositioning. While past performance does not guarantee the future, the fourth quarter has historically been Bitcoin's strongest period, with an average return of 85%. October stands out, with only two months of decline since 2013.