TechFlow reported on September 3 that QCP Capital's latest analysis indicates September is typically a bearish month for cryptocurrencies and other asset classes, while October has historically shown strong performance. Data shows that in eight of the past nine years, Bitcoin has delivered positive returns in October, with an average gain of 22.9%. This seasonal pattern may explain the sustained bullish buying activity recently observed in the options market, with another 150 December-expiring call options at an $80,000 strike price traded during Asian morning hours. QCP suggests investors may accumulate Bitcoin during potential September pullbacks and take profits in October or by year-end.
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