Opinion: Bitcoin's monthly low has often been established in the first 10 days over the past year, suggesting that this month's bottom may have already been reached.

On September 12th, CoinDesk Data and Token Deputy Editor Oliver Knight proposed that Bitcoin might have reached its bottom on September 1st, with the low point being around $107,000. Since July 2024, Bitcoin frequently forms the monthly low within the first 10 days of the month. Although February, June, and August 2025 were exceptions with late low points, the market experienced a pullback in the first 10 days before continuing the trend. This pattern might be related to institutional portfolio rebalancing and key macroeconomic events concentrated at the beginning of the month. Oliver Knight pointed out that several futures and options markets expire at the end of each month or the beginning of the next month, which may cause short-term fluctuations, resulting in low trading activity as traders choose to roll over positions or reposition. While past performance cannot ensure the future, the fourth quarter has been historically Bitcoin's strongest period, with an average return of 85%. October stands out as it has only seen two months of decline since 2013.