Bitcoin Heads into Historically Bullish October After Third-Best September On Record

Core Insights - Bitcoin closed September with a 5.16% gain, marking its third-best September since 2013, as traders look forward to October, historically the asset's strongest month [1] - Since 2013, Bitcoin has averaged 14.4% gains in October, with a median return of 10.8%, and 10 out of 13 Octobers ended positively [2] - The first week of October can be choppy or negative, but stronger gains often occur later in the month, with historical data showing double-digit surges after October 15 [5] Market Trends - Financial markets typically show seasonality, with weaker performance from May to October compared to November to April, influencing investor strategies [3][4] - Bitcoin's performance in October is influenced by macro cycles, institutional flows, and retail sentiment, with recent weeks showing resilience after mixed performance earlier in the year [6] - September's strong performance may indicate potential momentum for Bitcoin in late-year trading, although macroeconomic factors will also play a significant role [6][7]