According to PANews, the latest data from Crypto Rover shows that Bitcoin's performance in the fourth quarter of this year can be described as a 'series of failures':
October dropped 3.69%
November plummeted 17.67%
December started off with a drop of 4.76%
This has constituted a rare 'three consecutive drops in Q4'.
More crucially -
The last time Bitcoin had an entirely positive fourth quarter was during the classic bear market of 2018.
This year's fourth quarter was originally viewed by many investors as a 'potential breakthrough window', but reality has given the market a cold shower. The three consecutive months of pullbacks indicate that liquidity, macro sentiment, and market structure are all in a weak state, and the recent surge in fear sentiment also confirms this.
However, historically, whenever BTC experiences a rare quarter of consecutive pullbacks, it often means that mid-term volatility is approaching its end. The example from 2018, although brutal, was also a deep squat before the next round of the big cycle started.
In summary:
Bitcoin is experiencing a very rare 'Q4 full red', but this 'anomaly' often means that a trend reversal is approaching. Will the market repeat history once again? The next few weeks will determine the direction.
