Bitcoin has risen more than 11% so far this month, and is expected to break the "September Curse" that almost guaranteed a fall in September. However, after breaking through $66,000, the blockchain analysis platform Santiment reminded that if you are expecting Bitcoin to hit a record high, you may be disappointed. Trader Eugene Ng Ah Sio also announced that he has cleared most of his positions and is waiting. There is a leverage cleanup in the market. (Preliminary summary: Rush! Bitcoin exceeded 66,000 Mg, Ethereum hit 2,728 Mg, and Ark ARKB’s net inflow reached a new high) (Background supplement: Rich dad threw out the survival code of "the worst financial crisis in history", Bitcoin was not his first choice? ) Bitcoin has experienced strong gains this month, breaking through the US$66,000 mark on the 27th, reaching a maximum of US$66,498, setting a new high since the end of July, and then continued to fluctuate around US$66,000. It was trading at $65,879 before press time, down 0.5% in the past 24 hours and up 11% in the past month. BTC is expected to break the September Curse. It is worth noting that in the past 11 years (2013 to 2023), Bitcoin has mostly performed poorly in September, with 8 declines, and the probability of decline is as high as 73%. In terms of average returns, September was also the month with the largest decline, with a decline of as much as 4.78%. However, there is only a little time left in September, and it seems that this year’s Bitcoin is expected to break the “September Curse” of the past. A rise above $66,000 is bullish? As for Bitcoin after it rises above $66,000, can the rise continue? Blockchain analysis platform Santiment issued an article this morning stating that after the price of Bitcoin rose 22% in 3 weeks, bullish sentiment has quickly replaced bearish sentiment, and traders expect Bitcoin to reach $70,000 soon. However, Santiment reminded that if you are expecting Bitcoin to reach a new all-time high, you may have to wait until people lower their expectations. The number of bullish views currently greatly exceeds the number of bearish views, but historically, the market has always moved in line with public expectations. develop in the opposite direction. If you're awaiting Bitcoin's new all-time high, it may need to wait until the crowd slows down their own expectations. There are currently 1.8 bullish posts toward BTC for every 1 bearish post. Markets historically always move the opposite direction of crowd's expectations . pic.twitter.com/ZxDxalgmzb — Santiment (@santimentfeed) September 29, 2024 The trader announced his short position. On the other hand, Eugene Ng Ah Sio, a trader followed by more than 70,000 people on The periodic trading summary showed that he had profits on 19 days and losses on 11 days this month. In terms of asset selection, Eugene Ng Ah Sio said that he almost accurately targeted every asset that performed well, but made big mistakes in position management. The biggest mistakes in September included SUI, PEPE and ENA, although he appeared in the market pattern The upside potential of these targets has been discovered in the early stages of the change, and these targets have been traded before. Facing the current market, he is also bearish. Eugene Ng Ah Sio said he has now liquidated most of his positions and is waiting for a leverage wash in the market, which he believes has a high chance of happening. Related reports: Research: Bitcoin follows changes in global liquidity 83% of the time, and the correlation is even greater than gold. Bitcoin breaks through $65,000. Where to go next? U.S. GDP growth exceeds expectations, initial jobless claims decline, Bitcoin falls below 63,000. Don’t forget that the selling pressure on Mt. Gox continues until October, and there are still 45,000 BTC in the wallet. Is Bitcoin’s breakthrough of 66,000 a bullish prospect? Analyst: The market is too FOMO, and most positions have been cleared and are waiting to be cleaned> This article was first published in BlockTempo's "Dongqu Trend - the most influential blockchain news media".