📊 Market Insight: Defying the Odds in September 🚀

Historically, September has been a challenging month for Bitcoin, with an average decline of 4% since 2009. Yet, current market dynamics suggest a potential shift.

On Bitfinex, where large holders (whales) often lead the charge, we've seen a significant increase in margin longs—up by 3,000 BTC since late August, reaching nearly 64,350 BTC.

What’s driving this? Traders are borrowing at interest rates exceeding 20%, signaling a strong bullish sentiment.

Additionally, the positive turn in perpetual funding rates and renewed demand for higher strike call options on OTC desks underline this optimism.

Could this be the year Bitcoin breaks its September curse?

The data suggests it’s possible. Stay informed and watch the markets closely. 📈

#Bitcoin #CryptoResearch