Rektember Coming?

If you're wondering why crypto market sentiment is particularly low today—especially given that it was already down—it might be because September has historically been the worst month for crypto prices. Over the past 11 years, $BTC has only seen gains three times in September, with an average monthly return of -4.53%. This trend mirrors the stock market, where September is also known for poor performance, though the reasons are unclear.

One theory suggests that portfolio managers return from holiday and engage in rebalancing, leading to significant selling that depresses prices. Another theory points to the fact that many mutual funds end their financial year in September, prompting them to sell underperforming stocks to improve their year-end reports.