{"id":16642,"date":"2024-09-03T14:45:53","date_gmt":"2024-09-03T11:45:53","guid":{"rendered":"https:\/\/forklog.com\/en\/experts-advocate-bitcoin-purchases-in-september-amid-corrections\/"},"modified":"2024-09-03T14:45:53","modified_gmt":"2024-09-03T11:45:53","slug":"experts-advocate-bitcoin-purchases-in-september-amid-corrections","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/experts-advocate-bitcoin-purchases-in-september-amid-corrections\/","title":{"rendered":"Experts Advocate Bitcoin Purchases in September Amid Corrections"},"content":{"rendered":"<p>Strategically, accumulating Bitcoin throughout September with a view to securing profits in October or towards the year&#8217;s end is advisable. This scenario was suggested by QCP Capital, citing seasonal trends.<\/p>\n<p><script async src=\"https:\/\/telegram.org\/js\/telegram-widget.js?22\" data-telegram-post=\"QCPbroadcast\/1310\" data-width=\"100%\"><\/script><\/p>\n<p>Analysts noted that the first month of autumn is historically negative for all asset classes, including digital gold. However, October is its opposite <em>\u2014<\/em> in eight of the last nine instances, the leading cryptocurrency has increased in price by an average of 22.9%.<\/p>\n<p>Experts highlighted that such expectations are supported by the purchase of volatility in options expiring in December in recent days.<\/p>\n<p>According to Greeks.Live, since August 28, the volume of open long positions on perpetual Bitcoin contracts has increased by 3000 BTC, and funding rates on an annualized basis have surged to 20%.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Since September 2, the Bitfinex lending market has continued to see opportunities with annualized interest rates of more than 20% over the past 10 hours. Meanwhile, BTC long positions have increased by a net 3,000 since August 28th.<\/p>\n<p>Greens lending rates and long positions have\u2026 <a href=\"https:\/\/t.co\/Z4stEezh7G\">pic.twitter.com\/Z4stEezh7G<\/a><\/p>\n<p>\u2014 Greeks.live (@GreeksLive) <a href=\"https:\/\/twitter.com\/GreeksLive\/status\/1830786111301640362?ref_src=twsrc%5Etfw\">September 3, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to specialists, this may indicate an imminent recovery of positive momentum. The bullish signal is reinforced by increased whale activity in purchasing call options, which accounted for about 30% of the turnover, analysts added.<\/p>\n<p>MN Trading founder Micha\u00ebl van de Poppe noted that the current &#8220;dull&#8221; market often heralds the start of a &#8220;party.&#8221;<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Dull market, which is usually the end stage before the party begins.<\/p>\n<p>Regarding price action on <a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a>:<\/p>\n<p>You&#8217;d really need to get a breakout above $61K to get the momentum back in the markets, otherwise, we continue to have this downward trend for a while. <a href=\"https:\/\/t.co\/K9s9V0SKyc\">pic.twitter.com\/K9s9V0SKyc<\/a><\/p>\n<p>\u2014 Micha\u00ebl van de Poppe (@CryptoMichNL) <a href=\"https:\/\/twitter.com\/CryptoMichNL\/status\/1830576409552855549?ref_src=twsrc%5Etfw\">September 2, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cA breakout [of Bitcoin] above $61,000 is needed to bring momentum back to the markets. Otherwise, we will continue this downward trend for some time,\u201d<\/em> the expert indicated.<\/p>\n<\/blockquote>\n<p>Former BitMEX CEO Arthur Hayes attributed Bitcoin&#8217;s decline to a liquidity shortage.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Strategically, accumulating Bitcoin throughout September with a view to securing profits in October or towards the year&#8217;s end is advisable. This scenario was suggested by QCP Capital, citing seasonal trends. Analysts noted that the first month of autumn is historically negative for all asset classes, including digital gold. However, October is its opposite \u2014 in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":16641,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1168,1146,1326],"class_list":["post-16642","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-crypto-derivatives","tag-cryptocurrency-market-forecasts","tag-qcp-capital"],"aioseo_notices":[],"amp_enabled":true,"views":"12","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/16642","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=16642"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/16642\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/16641"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=16642"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=16642"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=16642"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}