Not as bad as it looks. It's largely seasonality and whale manipulation.
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Not as bad as it looks. It's largely seasonality and whale manipulation.
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Seasonality? November is the best month of the year for crypto historically. It might be a lot of things, but seasonality is definitely not part it.
I thought the best month was January, because that's when the high was last year... I still remember when ETH was selling at 0.3 BTC just because BTC network was unusable due to too many pending transactions. It was like getting 60 EUR with 0.30 EUR initial investment if you were lucky like me.
Going back to 2013, the best month of the year for bitcoin and crypto has been November, followed closely by October. January comes in 3rd though. Basically, October through January are traditionally very good months for crypto. Though we do only have 5 years of data to go off of and only one bear market...