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Matrixport: June is usually one of the months where Bitcoin performs relatively flat and has high Fluctuation, so caution is advised.
Odaily News Matrixport released today’s chart stating that historical data shows that June is usually one of the months where Bitcoin performs relatively flat with higher Fluctuation, with an average return of only 1.9% and a rise probability of 50%. In contrast, October stands out as the month with the strongest seasonal performance for Bitcoin. Last year's market trend provided important reference: Bitcoin fell by 7.1% in June, and although there was a slight rebound of 3.1% in July, it fell again by 8.7% in August. Based on the weakening seasonal momentum, we adjusted to a more cautious trading strategy last week. The current data and market performance are consistent with this assessment.