Is the June Curse Reappearing in the Crypto World? Bitcoin Plummets 37%, Ethereum Cut in Half!
June, the strangest month in the crypto world, has arrived!
As the bloody memory of Bitcoin's 37.28% drop and Ethereum's 44.79% decline in June 2022 still lingers, seasoned investors are already trembling. What secrets does this cursed month hold?
Ten Years of Data Reveal: How Sinister is Bitcoin's "June Curse"?
Looking at Coinglass's historical records, in the twelve Junes since 2013, Bitcoin's gains and losses each occupy half of the picture. It seems like a fifty-fifty situation, yet it hides peril:
Maximum Gain of 27.14% (2016)
Maximum Loss of 37.28% (2022)
Ten-Year Average Return Rate: -0.35%
What does this mean? Holding Bitcoin through June, after ten years, you would actually lose money! Even more frightening is that when a crash occurs, drops exceeding 30% can wipe out leveraged players overnight.
Ethereum's Astonishing Reversal: Is There a Secret to Huge Profits Hidden in the Plunge?
While Bitcoin struggles under the June curse, Ethereum performs an astonishing reversal:
Out of nine Junes, there were six declines, with a success rate of only 33%
Maximum Drop of 44.79% (2022)
But the average return rate is as high as 6.74%!
Behind this counterintuitive data lies Ethereum's explosive growth gene. A 26.19% surge on June 2017 and over 18% increase in June 2023, allowing it to carve a path through the crash.
Why is June Always Harvesting Investors?
Institutional half-year liquidations of hedge funds and asset management giants lead to significant market volatility at the end of June.
Three Iron Rules to Protect Your Position
Position Red Line: June holdings should not exceed 20% of total assets, so you have bullets to buy the dip during a crash.
Stop-Loss Iron Rule: Set a 15% hard stop-loss; those who didn't set a stop-loss in 2022 are still stuck.
Regular Investment Timing: Buy on dips around the 25th of each month; the greatest institutional selling pressure is your opportunity.
Is History Repeating Itself? June 2024 Holds Hidden Dangers
Delayed expectations for Fed rate cuts, slowing inflow of Bitcoin ETF funds, uncertain status of Ethereum spot ETF... As these negative factors accumulate in June, the market is brewing a storm.
But don’t forget, before Bitcoin skyrocketed 38% in June 2019, the market was similarly desperate. When panic reaches its peak, a turnaround often arrives just before dawn.
Survival Rules for Seasoned Investors in June:
Don't be greedy for the last penny
Don't gamble on the last glimmer of hope
Don't fear the last crash
