Viewpoint: Bitcoin's monthly lows have often formed in the first 10 days over the past year, and this month may have already reached the bottom.

On September 12, CoinDesk data and Token deputy editor Oliver Knight stated that Bitcoin may have bottomed out on September 1, when the low was around $107,000. Since July 2024, Bitcoin often forms the monthly low within the first 10 days of each month, with exceptions in February, June, and August 2025, where the lows appeared later, but the market also experienced pullbacks in the first 10 days before recovering the trend. It is speculated that this may be related to institutional portfolio rebalancing and key macroeconomic events concentrated at the beginning of the month. Oliver Knight mentioned that several futures and Options markets expire at the end of each month or early the following month, which may trigger short-term fluctuations and lead to subdued trading activity, as traders choose to roll over or reposition. Although past performance cannot guarantee future results, the fourth quarter has historically been the strongest period for Bitcoin, with an average return rate of 85%, and October is particularly notable, with only two months experiencing a fall since 2013.