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Signs of Seasonal Market Exhaustion

Sep 21, 2021 · 4 min read

By Ashwath Balakrishnan

Market Update

Today was yet another dicey day for crypto, with a second (and furious) leg down at midnight UTC. Since then, markets have bounced a bit, but not convincingly enough to suggest the pain is over. A handful of tokens are in the green today, but the vast majority are down as fear cripples investors across the globe.

An Uncertain Market
Q1 tends to be a poor quarter for BTC, while Q2 usually brings about positive performance. This year was the opposite, with a stellar Q1 and a poor Q2. But that hasn’t stopped the inevitable September seasonality from throwing a wrench in the bulls’ plans. On the bright side, Q4 is usually a good quarter for markets after a slow, consolidated Q3. But considering this year deviated from otherwise strong quarterly trends, there is, of course, a possibility that Q4 ends in tears as well.

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