Crypto Fans Gear Up for What May Be Another Tough September

Bloomberg2022-09-01

Bitcoin has declined in September for five consecutive yearsBitcoin’s market share has dwindled to 68% from 77% in JulyPhotographer: Erhan Demirtas/BloombergAfter a cruel summer, crypto fans might be ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Aoyjai
2022-09-01
Aoyjai
Historically Sep is a down month, the last 3 months of the year is usually bullish! My 2 cents.
来人
2022-09-01
来人
Ok
Stingray02
2022-09-01
Stingray02
Like
- rosatmk:
  Ok
Ahsiang
2022-09-01
Ahsiang
Omg sure anot
Toby_Chua
2022-09-01
Toby_Chua
Agree
- Bliang:
  A

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1117896822?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2022-09-01 11:24","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1117896822","market":"us","top_or_hot":-1,"title":"Crypto Fans Gear Up for What May Be Another Tough September","media":"Bloomberg","content":"<div>\n<p>Bitcoin has declined in September for five consecutive yearsBitcoin’s market share has dwindled to 68% from 77% in JulyPhotographer: Erhan Demirtas/BloombergAfter a cruel summer, crypto fans might be ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-08-31/crypto-fans-gearing-up-for-what-may-be-another-tough-september\">Source Link</a>\n\n</div>\n","source":"lsy1584095487587","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Crypto Fans Gear Up for What May Be Another Tough September</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCrypto Fans Gear Up for What May Be Another Tough September\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-01 11:24 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-08-31/crypto-fans-gearing-up-for-what-may-be-another-tough-september><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Bitcoin has declined in September for five consecutive yearsBitcoin’s market share has dwindled to 68% from 77% in JulyPhotographer: Erhan Demirtas/BloombergAfter a cruel summer, crypto fans might be ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-08-31/crypto-fans-gearing-up-for-what-may-be-another-tough-september\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FT_SY_MBT","symbol_name":"微型CME比特币","start_time":0,"source_url":"https://www.bloomberg.com/news/articles/2022-08-31/crypto-fans-gearing-up-for-what-may-be-another-tough-september","article_id":"1117896822","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1117896822","pubTimestamp":1662002651,"sourceInfo":{"source_id":"lsy1584095487587","name":"Bloomberg"},"weMediaInfo":null,"summary":"Bitcoin has declined in September for five consecutive yearsBitcoin’s market share has dwindled to 6","collect":0,"end_time":0,"defaultTopTitle":"bloomberg.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"translate_title":"密码迷们为又一个艰难的九月做好准备","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BTCmain":0.9,"ETHmain":0.9,"MBTmain":0.9,"GBTC":0.9},"content_text":"Bitcoin has declined in September for five consecutive yearsBitcoin’s market share has dwindled to 68% from 77% in JulyPhotographer: Erhan Demirtas/BloombergAfter a cruel summer, crypto fans might be in for an unforgiving September, too.The ninth month of the year has historically been one of the worst for the largest cryptocurrency, falling every September since 2017. Bitcoin has averaged an 8.5% drop for the month over the past five years, according to Bespoke Investment Group. Ether, the second-largest token, has also tended to suffer -- it has only risen a quarter of the time and has averaged a double-digit percentage decline.“September is probably going to be another pretty volatile month,” Shawn Cruz, head trading strategist at TD Ameritrade, said in an interview. “The risk is to the downside,” he said, adding that “you probably see a little bit more of a downside sort of a bias in terms of where I think things can land.”Cryptocurrencies have been choppy all year as the Federal Reserve and other central banks raise interest rates to combat historic inflation. Bitcoin is down roughly 60% this year and some other tokens have lost even more.Digital assets have also moved similarly to US stocks all year, with correlations between the two remaining strong. September tends to be a tough month for equities as well and this year could prove no different as traders and investors await the Fed’s policy meeting that month.Still, Ether has been surging in recent weeks ahead of a highly anticipated upgrade whereby the Ethereum blockchain is set to facilitate a move from the current system of using miners to a more energy-efficient one using staked coins. That means the seasonality factor might not be as strong this year.“It’s important to look at last September and the September prior in thinking what’s going on here,” Leah Wald, CEO at digital-asset fund manager Valkyrie Investments, said in an interview. “But I do also think that each market environment should be considered individually especially depending on your trading style and time horizon.”When you have an exponential grower -- like Bitcoin -- using linear tools like regressions and correlations might not work as well, said Mark Connors, head of research at 3iQ, a digital-asset manager. “I’m very excited about the performance of Bitcoin today,” he said in an interview. “The Ethereum upgrade will bring with it clarity on the value proposition.”Amid Ether’s rally, Bitcoin’s market dominance has waned. In August, Bitcoin’s assets under management dropped more than 7% to $17 billion and its market share fell to roughly 68% of total assets under management, down from 77% in July, according to a report from CryptoCompare. Meanwhile, the $12.8 billion Grayscale Bitcoin Trust (tickerGBTC) lost its position as the most-traded trust product, with average daily volume for the fund totaling around $42 million versus the Grayscale Ether product seeing average daily volume of $49 million, the researcher said.Meanwhile, futures are trading in backwardation and funding rates have stayed negative for two weeks, according to Vetle Lunde at Arcane Research. Open interest on perpetual futures are “on a vertical trend” in notional terms and is hovering around all-time highs.“The hedging train is going full throttle,” Lunde wrote in a note. “Short-term, this selloff shows signs of being overextended, and this represents an intriguing area to make contrarian short-term bets.”","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9930726406,"gmtCreate":1662007505707,"gmtModify":1676536624301,"author":{"id":"3578371382142637","authorId":"3578371382142637","name":"Aoyjai","avatar":"https://static.tigerbbs.com/9dcf5c34602d2433f3133ca6c6fece6a","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Historically Sep is a down month, the last 3 months of the year is usually bullish! &nbsp;My 2 cents.","listText":"Historically Sep is a down month, the last 3 months of the year is usually bullish! &nbsp;My 2 cents.","text":"Historically Sep is a down month, the last 3 months of the year is usually bullish! My 2 cents.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9930726406","repostId":1117896822,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9930726967,"gmtCreate":1662007344561,"gmtModify":1676536624277,"author":{"id":"3575544575320394","authorId":"3575544575320394","name":"来人","avatar":"https://static.tigerbbs.com/0af89587decbb8a1d3e1596adc29cb98","vip":1,"crmLevel":6,"crmLevelSwitch":0},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9930726967","repostId":1117896822,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9930784370,"gmtCreate":1662004397993,"gmtModify":1676536623676,"author":{"id":"4118549711882402","authorId":"4118549711882402","name":"Stingray02","avatar":"https://community-static.tradeup.com/news/d7f731a958adbfa39d6b387df9c3408f","vip":1,"crmLevel":2,"crmLevelSwitch":1},"htmlText":"Like&nbsp;","listText":"Like&nbsp;","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9930784370","repostId":1117896822,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":103714937,"gmtCreate":1662008348268,"gmtModify":1663257918333,"authorId":3587017307360366,"author":{"id":3587017307360366,"authorId":3587017307360366,"name":"rosatmk","avatar":"https://static.tigerbbs.com/a72ccfb40baf4c35d5d8a37cebbda989","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9930784370,"type":1,"supId":0,"prevId":0,"content":"<span class=\"s1\">Ok</span>","text":"<span class=\"s1\">Ok</span>","html":"<span class=\"s1\">Ok</span>"}],"langContent":"EN"},{"id":9930782133,"gmtCreate":1662003800125,"gmtModify":1676536623597,"author":{"id":"3582617881962608","authorId":"3582617881962608","name":"Ahsiang","avatar":"https://static.tigerbbs.com/310f96e7696af85ae33ece774a483d15","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"Omg sure anot","listText":"Omg sure anot","text":"Omg sure anot","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9930782133","repostId":1117896822,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9930789593,"gmtCreate":1662003077514,"gmtModify":1676536623401,"author":{"id":"3576326749731922","authorId":"3576326749731922","name":"Toby_Chua","avatar":"https://community-static.tradeup.com/news/82ec063fd73ccbceee82eab015cdf3fd","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":6,"crmLevelSwitch":1},"htmlText":"Agree&nbsp;","listText":"Agree&nbsp;","text":"Agree","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9930789593","repostId":1117896822,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":103714183,"gmtCreate":1662004333172,"gmtModify":1663257911632,"authorId":3573606104770883,"author":{"id":3573606104770883,"authorId":3573606104770883,"name":"Bliang","avatar":"https://static.tigerbbs.com/0d7cd18997f43a1b7035c0207a1c5872","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9930789593,"type":1,"supId":0,"prevId":0,"content":"<span class=\"s1\">A</span>","text":"<span class=\"s1\">A</span>","html":"<span class=\"s1\">A</span>"}],"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":73,"commentSize":5,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.2","shortVersion":"4.24.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1117896822"}