According to Odaily, QCP Capital's latest analysis highlights that while September is typically a bearish month for cryptocurrencies and other asset classes, October has historically shown strong performance. The data reveals that Bitcoin has posted positive returns in October in 8 out of the last 9 years, with an average gain of 22.9%.
This historical trend may explain the sustained bullish activity in the options market, where 150 call options expiring in December with a strike price of $80,000 were observed during early Asian trading. QCP Capital suggests that investors could take advantage of the September pullback to accumulate Bitcoin and consider taking profits in October or by the end of the year.
