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As Bitcoin (BTC) faces the renewed threat of plunging below the $110,000 support amid a broader market sell-off, historical data suggests the asset may be destined for more losses in September. Since 2015, Bitcoin has managed only a 40% win rate in September, with an average return of -2.5%, according to data from charting platform TrendSpider shared on August 25. Bitcoin seasonality chart. Source: TrendSpider The seasonality outlook points to a bearish trend, placing September alongside August as one of the least favorable months for BTC holders.  In contrast, months such as February and October have delivered outsized gains, boasting win rates of 82% and 90% respectively. BTC’s new bearish sentiment  Notably, the statistic emerges at a time when Bitcoin is grappling with fresh bearish sentiment, as whale selling and exchange-traded fund outflows weigh on investors’ confidence. To this end, analysts have laid out several scenarios for the flagshi...

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With the price of bitcoin down 10% and global crypto markets losing half a trillion dollars since the start of the year, investors are questioning the mainstream narrative that institutional demand would drive up the price of bitcoin. This year, giant companies like Tether, MicroStrategy, and Blackrock have been gobbling up tens of thousands of bitcoin, yet their efforts have not stopped its declining price. Once upon a time, tether (USDT) supposedly pumped the price of bitcoin. In years past, according to researchers like John Griffin and Amin Shams, the minting of the world’s most popular, intermittently backed, stablecoin empowered market manipulators to induce demand for bitcoin. Despite the uncertainty of this theory, the idea of Tether’s power has remained popular. Similarly, institutional demand was supposed to propel bitcoin to new heights . “The institutions are coming” meme dominated discussions among many bitcoin investors over the years who predict...