Bitcoin’s (BTC) Slide into September comes with an unpleasant reminder for dealers that the story is not on their side.
The largest token at market value has fallen for nine of the last 14 months with an average monthly loss of approx. 12%.
This seasonal provision is large again in 2025. Bitcoin opened the week near $ 110,000, its weakest level in almost two months, and the total crypto market value has slid to $ 3.74 trillion and reached a low-week low.
BTC prices have been flat over the last 24 hours with Solana’s sun (Sun) Leading Gains of 4%, XRP Submission of 1% and Cardanos ada (Ada) rises 1.5%.
Dealers say the combination of macrous security, fragile mood and thinner volumes leaves little room for mistakes on the way into what has historically been the toughest month on the calendar.
The technicalities also do not inspire much confidence. Alex Kuptsikevich, Chief Market Analyst at FXPRO, noted that the wider capitalization diagram “continues to detect a number of lower low levels that signal a downward trend.”
He pointed to Bitcoin’s failure to comply with $ 112,000 and warned of “further decline against the area $ 105,000”, a level that has long served as support before the psychological $ 100,000 barrier.
The Crypto Fear index has slipped back towards 40, the lowest since April, suggesting that nerves rise before they are fully broken.
In 2017, Bitcoin fell nearly 8% in September despite the euphoric rally that led it to $ 20,000 later that year. In 2019, the token lost almost 14% in September, shadowing months of sideways action.
Even in the latest cycle, September 2021 and 2022, both steep features that reminded dealers that liquidity drains and macro jites often coincide with the end of summer.
This year these headwinds are visible in ETF streams. After steady accumulation through large parts of August, the Bitcoin ETFs in the United States, which were recorded, were recorded net outflow of $ 440 million last week.
Ether ETFs, launching just last year, released more than $ 1 billion in influx, marking a rare bright spot, but also a sign that capital may be rotating instead of growing in general.
Meanwhile, cryptoquant data shows that Spot -Tfs have now absorbed more than 1.3 million BTC, almost 6% of the total supply, putting them on par with the largest exchange for market share.
The risk is that support levels break before macro relief arrives. Salaries that are not courtyards are expected to show only 45,000 new jobs, confirming a slow US labor market.
A soft print would strengthen the case for a September-SATTH Cutting from Fed, a catalyst that could return mood to risk. Until then, dealers pay for downward hedges.
Electoral data shows the strongest demand for puts in weeks, with crooked leaning, leaning Bearish, noticed FXPROS KUPTSIKEVICH and called for caution among the urgent dealers.
