Bitcoin’s ‘Red September’ Curse: Wall Street Shares It

The correlation between Bitcoin's September weakness and the long-standing seasonal pattern in US equities suggests that crypto is increasingly behaving like a risk asset tethered to traditional market rhythms, rather than a standalone store of value. This matters for traders and institutional allocators who may need to recalibrate their calendar-based assumptions, especially if the same macro forces—such as positioning, liquidity, or sentiment—drive both markets. The key question is whether the historical anomaly of last year's deviation marks a structural shift or merely a temporary break, and whether external shocks can override this seasonal drag in the current environment.