"Ghost Month" Returns: Will Bitcoin Break the Rules?

"Ghost Month" (lunar July), lasting from August 23 to September 20, has historically been a negative period for Bitcoin ($BTC ). Since 2015, Bitcoin has recorded an average decline of -12% during this period, with the most significant sell-offs occurring in 2017 and 2021.

Trends and Reasons

According to Asian cultural beliefs, this is a time when investors often avoid large financial transactions, leading to thin liquidity and increased price volatility. This year, Bitcoin has dropped about 10% from its peak of $124,000 just before "Ghost Month" began, indicating that historical trends may repeat.

Buying Opportunities

Despite the short-term downside risks, historical data shows that price declines during "Ghost Month" often create good buying opportunities. Significant drops during this period could set the stage for a strong recovery once market sentiment stabilizes. #anh_ba_cong