Attention, brothers~ Here are the best reasons to stay in the crypto market.
1. October is one of the best performing months
Historically, October is one of the best performing months of the year; that's why it's also called Uptober. The bullish prediction for October mainly comes from Bitcoin's historical performance.
Bitcoin's gains in October over the past 5 years have ranged from 10%-40%.
2. Historical returns in the fourth quarter
Historically, the fourth quarter also has the highest returns of the year.
According to the chart of Bitcoin's average monthly returns from 2010 to 2024, we can see a bullish trend throughout the fourth quarter.
3. M2 forecast with BTC
M2 is a measure of money supply, including cash, check deposits, and other deposits that can be readily converted to cash. Basically, M2 tracks the global money supply. The more money in the system, the more money flows into the cryptocurrency market.
A few days ago, Raoul Pal shared a post highlighting Bloomberg's 10-week forecast for M2 supply and Bitcoin's performance.
4. Historically, the bull run started at this point
Another reason why you shouldn’t leave the cryptocurrency market is that historically, the bull run started at this point.
Recently, the cryptocurrency market is closely tracking the historical bull market cycle. The rally before the 2024 halving was stronger than usual, which was mainly attributed to expectations for the US spot Bitcoin ETF. The rally after the halving was weaker than other cycles.
However, if historical cycles are a reference, there are strong signs that the market will continue to pick up from now on. History shows that the length of each cryptocurrency cycle is gradually increasing, a trend that may indicate rising institutional participation.
