Top trader Eugene: Bitcoin's seasonal record shows bullish in October

ChainCatcher news, top trader Eugene Ng Ah Sio posted on social media that seasonality is often an important factor in determining animal spirits.

As the end of September approaches, the market has never experienced a situation where BTC rises in September and closes down in October since its inception. In the previous 11 years, BTC has only declined twice in October, unrelated to the price movements in September.

This data point itself has no significance, but if enough people interpret it as a buy signal, then the self-fulfilling prophecy will spread rapidly.