Market Trends & Historical Performance - Since 1950, September has historically been the worst month for the S&P 500, averaging -06% returns [1] - Bitcoin has also struggled in September, with 7 out of the last 10 Septembers closing red, averaging -5% to -7% losses [1] - Historically, September is considered a caution month for both Wall Street and crypto traders [2] - November and December are historically among the best-performing months of the year [2] Correlation & Potential Catalysts - The correlation between Bitcoin and the S&P 500 is around 03-06, indicating that crypto tends to follow stock market trends [1] - Potential crypto catalysts like ETF approvals, halving cycles, or major adoption could potentially reverse the historical September trend [2] Future Outlook - The market anticipates a potential US stock market rally in Q4, which is generally bullish for the crypto market [2] - The industry is questioning whether 2025 will repeat historical cycles or if crypto will finally decouple from traditional markets [3]